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

Healthcare Economics, The American healthcare system is an institution in f...

The American healthcare system is an institution in flux. Healthcare providers are facing increased scrutiny to decrease costs and improve quality while creating value for the enti

Benefits of gis, Benefits of GIS: GIS benefits organizations of all sizes ...

Benefits of GIS: GIS benefits organizations of all sizes and in almost every industry. There is a growing awareness of the economic and strategic value of GIS. The benefits of GIS

Explain safe use of the mobile tower scaffold, Question: A 15 years old...

Question: A 15 years old, two story building, used as a warehouse, has its corrugated roofing sheets damaged and needs replacement. A mobile tower scaffold is made available to

Structure of the digestive system, The digestive system is a series of holl...

The digestive system is a series of hollow organs joined in a long, twisting tube from the mouth to the anus. Inside this tube is a lining called the mucosa. In the mouth, stomach,

Marketing, what are marketing strategies used by nike

what are marketing strategies used by nike

Field of social and organisational psychology, Question: The field of s...

Question: The field of social and organisational psychology explores different aspects of the application of the study of human behaviour at the workplace. (a) Give a brief

HR Generalist, what is the best recruitment approach of HR Generallist

what is the best recruitment approach of HR Generallist

Visual trespass - property is an illusion, Whatever the maxim cuiusest sol...

Whatever the maxim cuiusest solum may have signified to the common lawyer of earlier centuries, it has since become obvious that its legal meaning is now heavily qualified by the a

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