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

Reformat existing word document, Reformat Existing Word Document Project...

Reformat Existing Word Document Project Description: We want a Microsoft Word expert who can take our current Word document template and clean it up so it's user friendly and

Major perspectives in sociology, Major Perspectives in Sociology: Sociolog...

Major Perspectives in Sociology: Sociologists analyze social phenomena at different levels and from different perspectives. From concrete interpretations to sweeping generalizatio

African studies, Compare and contrast the European Slave Trade with "intra-...

Compare and contrast the European Slave Trade with "intra-African" slavery/servitude (slavery/servitude practiced on the African continent between Africans). Discuss the relevance

Characteristics of drivers - overtaking maneuvers, Characteristics of Drive...

Characteristics of Drivers - Overtaking Maneuvers Lunenfeld and Alexander (1990) consider the driving task to be a hierarchical process, with three levels: (1) Control,

Write a long note on public speech coverage, Question 1 Write a long note ...

Question 1 Write a long note on public speech coverage Question 2 Write a detailed note on development reporting Question 3 Write a note on verification and the techniqu

Looking for essay writing service, Are you looking for essay writing servic...

Are you looking for essay writing service? do you need essay writing help with your university pattern and format? We at www.expertsmind.com offer essay writing service with 100%

Spanish, what are the forms of the verb ser

what are the forms of the verb ser

Components of an ems, Components of an EMS: To develop an EMS, an organiza...

Components of an EMS: To develop an EMS, an organization has to assess its environmental impacts, set targets to reduce these impacts, and plan how to achieve the targets. The mos

What control measures could be used to reduce the risks, Question 1: (a...

Question 1: (a) Describe the types of personal protective equipment that can be used to avoid or minimize injuries to workers. (b) List five essential points that should be

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