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What is inward transaction?

Updated: 9/25/2023
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What is the difference between inward and outward transaction?

The words "outward or inward" associate with "transactions" are giving information of the 'status' of an incoming or outgoing processed transaction while the process of processing/aquiring/issuing for example in the arbitration's process of a credit card transaction which has been disputed.


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An interbank fund transfer transaction amount may be returned by the beneficiary bank if the beneficary account number is an invalid account.


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In banking, inward clearing refers to a check received by a bank from another bank. Essentially, it is a transaction between two banks to pay fees, loans or other debt. It can also be for the purchase of equipment from one bank to another.


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Drawn Inward was created in 1999.


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Direct inward dialing is known as DID


What is direct inward dialing shortened to?

Direct inward dialing is known as DID


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