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

Emulsions, what is conclusion of emulsions??

what is conclusion of emulsions??

What are the ethical issues which arise, QUESTION Western Tech is anxio...

QUESTION Western Tech is anxious to upgrade its status as a first-rate research institution. therefore the Office of Research has just announced a summer faculty fellowship pro

We the people social studies, How did the struggles between the monarchy an...

How did the struggles between the monarchy and nobility lead to limited government in Great Britain?

Nhs supplies, Pretend you are faced with the situation as it was in 1990, p...

Pretend you are faced with the situation as it was in 1990, prior to the decision to set up NHS Supplies, and you have been asked by the NHS to help it to improve its performance b

Creative writeing, who was the president from 1940-early1970

who was the president from 1940-early1970

AACR2, salient features of AACR2

salient features of AACR2

19th century art, 19th Century Art: In the 19th century Matthew Arnold sta...

19th Century Art: In the 19th century Matthew Arnold stated that "We mean by art not merely an aim to please, but also pure and faultless workmanship." Arnold, who was the foremos

AP Spanish, I want to know what is public relation agent?

I want to know what is public relation agent?

Applicability of Factory Act 1948, As">http://www.delhi.gov.in/wps/wcm/conn...

As">http://www.delhi.gov.in/wps/wcm/connect/doit_labour/Labour/Home/Acts+Implemented/Summary+of+the+Acts+Implemented/The+Factories+Act-1948 As per above site of Government of Ind

Goal of environmental management, Goal of Environmental management: Make s...

Goal of Environmental management: Make sure that development proceeds without compromising our environment. In order to accomplish this goal each of the several program areas issu

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