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

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

signlanguage, #question.are there slots for teaching sign-language

#question.are there slots for teaching sign-language?.

Sociology, An example of things are not what they seem in our society.

An example of things are not what they seem in our society.

Define the term counter-transference, Question 1: (a) Define Counselli...

Question 1: (a) Define Counselling and name its relationship with psychotherapy. (b) Explain the process of counseling and demostrate how the technics use by the counsellor

Writing, there are many ways that people can get to different places. in a ...

there are many ways that people can get to different places. in a paragraph, name one way for people to travel and explain why it is a good way to travel

Criminology, To what extent might a defense attorney use the Twinkie Defens...

To what extent might a defense attorney use the Twinkie Defense as a springboard for other defenses?

Effective Delivery System, think about a specific healthcare organization: ...

think about a specific healthcare organization: Are there any differences for creating an effective delivery system? Who are the important stakeholders in a healthcare delivery sys

Forensics, Forensics: Forensic science (frequently shortened to forensics)...

Forensics: Forensic science (frequently shortened to forensics) is the application of a wide spectrum of sciences to answer questions of interest to the legal system. It may be in

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