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What is the difference between POS and ATM withdrawal?
The difference between POS and ATM withdrawal is where the transaction takes place. A POS withdrawal is typically cash back at a point of sale at a retailer while an ATM withdrawal takes place at an ATM.
Credit card transaction using data flow diagram?
credit card flow diagram
How to calculate cash flow?
by preparing journal and ledger accounts of transaction
Example each of a cash and credit transaction?
An example of a Cash transaction would be: I walk into a Supermarket and pick out something for $1.00. I go to the register and pay with 1-$1.00 bill. This is an example of a "cash" transaction.A credit transaction which is also a "Debit" transaction, is a transaction where the POS (Point of Sale) electronically withdrawals money from the card holders account to be paid once your Financial institution processes your daily transactions.An example of Credit transaction would be: I walk into a Supermarket and pick out something for $50.00. I only have $10.00 in cash on hand so I pull out my Credit/Debit card and swipe it at the register.
How does the transaction cycle in the document flow of accounting records differ when moving from retailing to e-tailing?
it doesnt chief
What is off us transaction?
Off us transaction is a transaction made in an ATM or a POS of a bank different from the bank that issued the card used to make the transaction
What is Off US?
Off us transaction is a transaction made in an ATM or a POS of a bank different from the bank that issued the card used to make the transaction
What does POS mean with banking?
POS stands for Point Of Sales. A POS is a place through which a sale transaction is done by a retail shop owner using the customer's credit/debit card. The bank would make the payment to the show owner for the transaction done on his POS machines (provided the customer validates it with a PIN or a Signature)
What does POS allow?
The POS allows for the transfer of money from a buyer's account to a seller's account through either an online transaction or through an automated clearinghouse
What is the Difference between primary and secondary market in transaction as related to flow of fund in transaction?
What is transaction what it contains
What is the difference between POS and ATM withdrawal?
The difference between POS and ATM withdrawal is where the transaction takes place. A POS withdrawal is typically cash back at a point of sale at a retailer while an ATM withdrawal takes place at an ATM.
What is meant by not on-us transaction in banking domain?
The non ON-US transaction is the transaction, which is made on the ATM or POS terminal of the bank other then the bank that issued the card. For an example, if I swiped my ICICI credit card in ICICI ATM, then the transaction is called ON-US transaction. If I swipe my ICICI card in the ATM other then ICICI ATM, then the transaction is called non ON-US transaction.
What is meant by not on us transaction in banking domain?
The non ON-US transaction is the transaction, which is made on the ATM or POS terminal of the bank other then the bank that issued the card. For an example, if I swiped my ICICI credit card in ICICI ATM, then the transaction is called ON-US transaction. If I swipe my ICICI card in the ATM other then ICICI ATM, then the transaction is called non ON-US transaction.
Credit card transaction using data flow diagram?
credit card flow diagram
How to calculate cash flow?
by preparing journal and ledger accounts of transaction
What is a point sale machine?
Point Of Sale (POS) machine is a terminal or part of the checkout process that processes credit or debit cards and finalizes the transaction.
Are debit card transactions withdrawn on the spot for payment?
Yes. The debit card is usually linked to an account and the moment the transaction is approved at the POS terminal the amount gets debited from our account. POS: Point of Sales. (the place where you swipe your debit card)
