B2C transactions involve a business selling directly to the end user without intermediaries. The internet has enabled B2C e-commerce, making transactions more convenient. Some companies sell exclusively online, while others use social media data to customize the shopping experience. A business-to-consumer (B2C) transaction is an exchange whereby a business serves an end product to the […]
Merchants conduct various transactions, including gift card processing, cash sales, credit card processing, refunds, and discounts. Spot sales are the most common but least innovative. Gift card processing eliminates the need for cash and refunds can be issued in various ways. Discounts are often used to encourage purchases. Merchants often carry out a wide variety […]
A business transaction involves buying, selling, and marketing. It starts with attracting customers, then agreeing on terms and payment, and ends with the buyer paying and the seller releasing the product. A business transaction is a type of activity that includes buying, selling, and marketing elements. The overall process involves presenting an opportunity to purchase […]
Autonomous transactions are used in Oracle databases to break down complex transactions into simpler parts. They interrupt the original transaction to retrieve information or complete the process required by the standalone transaction, then resume processing the original transaction. They provide simplicity and flexibility in calling database operations and can be nested within each other. They […]
Internet Transaction Server (ITS) is a middleware component developed by SAP to connect SAP software with the internet. ITS can handle various web technologies and maps SAP architecture to the internet, allowing real-time integration of hosted data into SAP applications. ITS benefits from various SAP applications and simplifies communication between R/3 systems and the internet. […]
Transaction authentication is a method of verifying a user’s identity for online transactions, often requiring a password and additional personal information. It is used in banking, sales, and personal data applications to prevent fraud. Additional security measures, such as transaction verification, can further protect against unauthorized access. Transaction authentication refers to an Internet method of […]
Transaction verification protects against Man-in-the-Middle attacks, where cybercriminals intercept communication between consumer and bank. Out-of-band authentication and one-time codes are used, but not foolproof. Consumers should be cautious of unknown sources and maintain virus protection. Transaction verification protects consumers from fraud by ensuring that no changes have been made to a monetary transaction during processing. […]
Online transaction processing (OLTP) refers to systems that process each stage of a transaction in an online environment, including entering data, retrieving information from a database, and completing the transaction. OLTP can be used for financial transactions or transferring electronically signed documents. The process allows users to initiate online transactions, verify funds, and execute the […]
Transaction processing is a computer-based group of logical operations that must succeed or fail as a group. Transactions must pass ACID tests, be atomic, consistent, isolated, and durable. Transaction processing systems have been around since the 1970s and are used by nearly every business. Transaction processing is a computer-based group of logical operations. For this […]
Transaction files store records related to entries in a master file, linked by a common key reference such as an account number. This helps keep master files small while allowing access to full transaction history for audit trails or reports. Corporate databases often use separate master and transaction files, with the latter containing sales or […]
A transaction processing system processes all transactions into and out of a business, producing real-time results. It must pass an ACID test for atomicity, consistency, isolation, and durability. It should also be reliable and accessible to limited users only. Transaction processing system is a program or software that processes all transactions into and out of […]
Financial transactions involve the exchange of money for assets and can be purely financial or a combination of financial and product transactions. There are three main types of transactions: product, distributive, and financial. Examples include buying gum, paying workers, and taking out a loan. Any change in the finances of at least two companies or […]
A third-party transaction involves an intermediary handling the transaction between a buyer and seller, such as mortgage brokerage or online payment portals, with the third party receiving compensation. A third-party transaction is a type of commercial transaction in which the transactions between the buyer and the seller are handled through an intermediary or a third […]
Forward transactions involve purchasing a product at a fixed price with a specific delivery date in the future. It can be used for trading investments or as a currency trading strategy. A contract is drawn up to define the agreement, including the product, price, payment, and delivery terms. It can be used as an investment […]
The FDIC’s Transaction Account Guarantee Program provides unlimited coverage for non-interest bearing accounts and certain low-interest accounts. It is separate from the general deposit insurance coverage and requires a separate fee. The program was designed to be temporary and expired on December 31, 2010. The term “transaction guarantee” refers to a US program that insures […]
A business transaction involves buying, selling and marketing. It begins with attracting consumers, then structuring the terms of purchase, and ends with the tendering of payment. The process varies depending on the type of payment and product purchased. A business transaction is a type of business that has elements of buying, selling and marketing. The […]
Structured settlements offer a steady stream of income over time with low risk, and it is best to work with a settlement broker to ensure a thoroughly researched transaction. The return on investment depends on the purchase price, but a 20% return is possible if purchased for 80% of the total amount. Investors know that […]
