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

Population health, Population health is defined by health outcomes and the ...

Population health is defined by health outcomes and the distribution of these outcomes in a group of people. It is a way of approaching health with the idea of developing it in the

Information and technology, Information and Technology: Information techno...

Information and Technology: Information technology (IT) is a term that encompasses all of the forms of technology used to create, exchange, store and use information in its severa

Theories of the contributors of behavioral school, Question: 1. Differe...

Question: 1. Differentiate administration and management. Explain the principles of management with example. 2. Describe the theories of the contributors of Behavioral schoo

Management of Care Process, Dubai Health Authority had established a missio...

Dubai Health Authority had established a mission “Towards a healthier and happier community”. While aiming to achieve this, conduct a SWOT analysis for the healthcare sector in Dub

NEED HELP ASAP, These essays should be a minimum of five paragraphs in leng...

These essays should be a minimum of five paragraphs in length each. They should contain a clear thesis statement in the first paragraph (an answer to the question!). Make sure your

Health risks faced by operators working in a call centre, Question 1: I...

Question 1: Identify the safety and health risks faced by operators working in a call centre and outline in EACH case, the corresponding precautions that could be taken to redu

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