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

How is an ems structured?, How is an EMS structured? Like most EMSs, th...

How is an EMS structured? Like most EMSs, the NIEHS EMS follows the Plan-Do-Check-Act structure provided by the ISO 14001 EMS Standard. This involves a five-step process that a

Leadership, Ask questioThe initial investment in the project is estimated t...

Ask questioThe initial investment in the project is estimated to be $210,000 in year 0 of the project. Terra Nova Inc. requires a discount rate of 11%. It is anticipated project fu

Analog tester, In analog tester, what is meter scale?

In analog tester, what is meter scale?

Leadership, Ask questioThe initial investment in the project is estimated t...

Ask questioThe initial investment in the project is estimated to be $210,000 in year 0 of the project. Terra Nova Inc. requires a discount rate of 11%. It is anticipated project fu

Political geography, Political Geography: Political geography is a branch ...

Political Geography: Political geography is a branch of human geography (the branch of geography concerned with understanding the world's culture and how it relates to geographic

Transaction steps in credit cards, The flow of money and  information betwe...

The flow of money and  information between these parties - forever via  the card relations - is known as the substitution, and it consists of a few steps. TRANSACTION STEPS

Discuss the relevance of the seven cardinal virtues, Question 1: 1. De...

Question 1: 1. Describe carefully the management functions and explain the role and responsibilities of the manager in relation to each of them. 2. Using the hospital as a

Mention the aims of education in present scenario., Mention the Aims of Edu...

Mention the Aims of Education in present scenario. in 250 words

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