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 internet relevant to e-commerce, HOW IS THE INTERNET RELEVANT TO E-COMM...

HOW IS THE INTERNET RELEVANT TO E-COMMERCE? The Internet allows public from all over the world to get connected economically and reliably. As a technological infrastructure, it

What is, technological interconnectedness

technological interconnectedness

Lifestyle, Lifestyle: Lifestyle is a way of living of individuals, familie...

Lifestyle: Lifestyle is a way of living of individuals, families (households), and societies, which they manifest in coping with their physical, psychological, social, and economi

Bert''''s Bonsai, Case Study 1: Bert’s Bonsai (BB) Bert’s Bonsai is a small...

Case Study 1: Bert’s Bonsai (BB) Bert’s Bonsai is a small company, started by a retired plant scientist, which sells Bonsai plants, tools and materials to cultivate them, and liter

Compilation time, how can i determine total compilation time without using ...

how can i determine total compilation time without using gantt charts

Aaaaa, aaaaaaaaaaaaaaaaaaaa

aaaaaaaaaaaaaaaaaaaa

Family life education, what are the role of the teacher the visualiser of t...

what are the role of the teacher the visualiser of the role of school in imparting family education

History of archaeology , history of Archaeology More specifically, res...

history of Archaeology More specifically, research foci can include skeletal evidence for disease, chemical analyses relating to diet, the growth and maintenance of bones and

Ecology, what is a biodigester

what is a biodigester

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