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

Sculpture, Sculpture: Three-dimensional art produced especially by forming...

Sculpture: Three-dimensional art produced especially by forming hard or plastic materials into three-dimensional objects, usually by carving or modeling. The designs may be produc

Illustrate how george might be counselled, Client: George, 28 year old male...

Client: George, 28 year old male, 2 year technical college degree in air refrigeration and conditioning; twice divorced; no children; three different jobs in 8 years. Problem: I

Divisions of human skeleton:, Question: What is the Human skeleton? Describ...

Question: What is the Human skeleton? Describe their parts please Human skeleton can be divided into two divisions. Axial Skeleton? Skull? Vertebral Column? Rib Cage

Various types of managed care organizations, Most opinions are that managed...

Most opinions are that managed care is here to stay.  One of the attractive features of managed care is its ability to contain costs of health care services.  Discuss the following

Movies and their impact on society, Movies and Their Impact on Society: We...

Movies and Their Impact on Society: We are all movie buffs, and there is no denying the fact. Nonetheless, have you ever stopped to wonder about the impact that movies have on our

True or false, #Busing is the practice of school districts sending students...

#Busing is the practice of school districts sending students from one school to another to achieve greater racial balance?

Evaluate the situtation of an actual whistleblower, The point of the paper ...

The point of the paper is to show that you understand the reading, and evidence your understanding by using the ideas of the authors we have encountered.  To write an "A" Paper,

Health and safety management system, Question: Occupational Safety and ...

Question: Occupational Safety and Health (OSH), including compliance with the Occupational Safety & Health Act 2005, are the responsibility and duty of the employer. The emplo

Kohlbergs theory of moral development, Most children in middle childhood ab...

Most children in middle childhood abandon any belief in fantasy figures such as Santa Claus. How do the cognitive developments outlined in Chapter 11 support this disbelief? Are

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