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TRANSACTION TYPES
A numeral of transaction category may be performing, together with the subsequent:
• 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
The transaction forms offered depend on the terminal. An ATM would present diverse transactions from a POS terminal.
The flow of money and information between these parties - forever via the card relations - is known as the substitution, and it consists of a few steps. TRANSACTION STEPS
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