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

Cargo management, Cargo Management: Project Name : Cargo Management ...

Cargo Management: Project Name : Cargo Management Role : Managing & Leading the Team. Involved in Gathering, Estimation, System Design, Database Design. Documentation

Explain the steps in an accident investigation, Question: (a) List ten ...

Question: (a) List ten steps in an accident investigation. (b) A factory operator having several years experience was running down the stairs at the end of his shift and he

Political factors - pest analysis of accor group of hotels, Politics shows ...

Politics shows a very fundamental role in the growth or failure of any particular industry. It is basically certain decisions taken by a group of people for the betterment of any s

Roman history, Roman History: It spans a thousand years and covers not onl...

Roman History: It spans a thousand years and covers not only the Mediterranean region, but Europe to the British is less, northeast to the Danube River, and eastward through Asia

Game theory , Suppose you have asked your friend Peter if he prefers a sure...

Suppose you have asked your friend Peter if he prefers a sure payment of $20 or a lottery in which he gets $15 with probability 0.5 and $10 with probability 0.5. Is it rational for

COMMERCIAL LAW - NEMO DAT RULE, if a car has been sold to a buyer by a car ...

if a car has been sold to a buyer by a car dealer, but kept for repairs and has to be delivered to the buyer, but before delivery the dealers mechanic by mistake sells the car to a

Political science, Is Madison’s view that Federalism provides greater prote...

Is Madison’s view that Federalism provides greater protection to individuals and minorities still true today?

Applied anthropology, Applied Anthropology: Applied anthropology involves ...

Applied Anthropology: Applied anthropology involves the application of anthropological knowledge to address real-world problems and situations. Applied anthropologists work in fie

What is, technological interconnectedness

technological interconnectedness

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