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

Differential amplifier, derivation of differential voltage gain for dual in...

derivation of differential voltage gain for dual input unbalanced output

Examine the role of the community, (a) How far can schools institutionalis...

(a) How far can schools institutionalise local action through transformational empowerment and social cohesion and help low attaining schools in socially disadvantaged areas? Give

Examine dimensions of ethical behavior, Problem 1: Counsellors need to ...

Problem 1: Counsellors need to show attending behaviours in order to convey their emotional availability and interest to their clients. Examine critically six attending beha

Research methodology, explain the steps involved in research process

explain the steps involved in research process

Human evolution, Human Evolution: The story of human evolution began in Af...

Human Evolution: The story of human evolution began in Africa about six million years ago and it describes the very long process that our ancestors went through to ultimately beco

What are constitutive rules, 1. Use of the internet has acquired its own ru...

1. Use of the internet has acquired its own rules and conventions for interaction known as Netiquette. In your GU100 Student Success course you were introduced to the Netiquette ru

I am basically from sales & marketing background , QUESTION : Create a cas...

QUESTION : Create a case encompassing data from your routine office work so as to apply all Quantitative Techniques learned in this course. Perform all possible analyses on t

Features of universal currency, FEATURES of Universal currency Proponen...

FEATURES of Universal currency Proponents argue that DGC presents a accurately global and borderless world currency system which is free of exchange rate variations and politic

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