Transaction types in e-commerce, Other Subject

Assignment Help:

TRANSACTION TYPES

A numeral of transaction category may be performing, together with the subsequent:

  • Sale: where the cardholder pays for goods or service
  • Refund: where a merchant repayment an previous payment made by a cardholder
  • Withdrawal: the cardholder extract funds from their account, e.g. from an ATM. The term Cash Advance may also be used, usually when the funds are superior by a merchant rather than at an ATM
  • Deposit: where a cardholder deposits funds to their own account (typically at an ATM)
  • Cash back: where a cardholder extract funds from their own account at the identical time as making a purchase
  • Inter-account transfer: transferring money between associated accounts belonging to the same cardholder
  • Payment: transferring funds to a third party account

      •  Enquiry: a transaction with no financial impact, for example balance enquiry, existing funds enquiry, associated accounts enquiry, or request for a statement of current transactions on the account

  • E top-up: where a cardholder can make use of a device (typically POS or ATM) to add funds (top-up) their pre-pay mobile phone
  • Mini-statement: wherever a cardholder exercise a device (typically an ATM) to get information of current transactions on their account
  • Administrative: this covers a range of non-financial transactions including PIN Change.

The transaction forms offered depend on the terminal. An ATM would present diverse transactions from a POS terminal.


Related Discussions:- Transaction types in e-commerce

securities market & portfolio management, present gold prices represented ...

present gold prices represented in bull & bear market trend

What are the drawbacks of a bureaucratic organisation, Question 1: (a) ...

Question 1: (a) Using examples from the Mauritian context, analyse the Dual Labour Market theory. (b) Distinguish between Liberal, Marxist and Radical Feminism. (c) Acco

Off-line ''anonymous'' electronic money, Off-line 'anonymous' electronic mo...

Off-line 'anonymous' electronic money In the make use of off-line electronic money, the merchant does not require to cooperate with the bank before tolerant a coin from the use

Impressionism, Questions: I need a report on Impressionism . Impressionis...

Questions: I need a report on Impressionism . Impressionism report for about 2500 words? Would you able to assist me in report? Let me know cost of report and some of examples

Constitutonal law, How does being a market participant affect the right of ...

How does being a market participant affect the right of a state to discriminate against out-of-state businesses

Small intestine, The chyme enters the small intestines where all the nutrie...

The chyme enters the small intestines where all the nutrients are absorbed through the microscopic finger like villi on the lining of the small intestines. Vitamins and minerals pa

What makes a film a documentary?, What Makes a Film a Documentary? In g...

What Makes a Film a Documentary? In general, documentary films focus on real life and include footage of events as they happened. A movie about World War II might feature actor

Monitor work operations, Practical activity will require to prioritise and ...

Practical activity will require to prioritise and co ordinate a variety of operational tasks. You should communicate effectively with team members and ensure awareness and acceptan

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd