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If you want to do an online transaction process...

If you want to do an online transaction processing in an e-commerce environment,then which steps will you follow.

If you want to do an online transaction processing in an e-commerce environment,then which steps will you follow.

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Chiranjibi Aug. 30, 2018

These are the steps you should follow:

♦ Advertising: The company communicates its products and services (catalogue);

♦ Offering: The company offers specific goods and services;

♦ Selling: The company agrees with the customer on the content of a specific order;

♦ Billing: The company produces the invoice;

♦ Paying: The buyer pays the seller by giving a payment instruction;

♦ Matching: The seller matches the payment information (the authorization results and the actual crediting of account) with the orders and feeds the result into the back-office;

♦ Delivering: The seller delivers to the buyer; and

♦ Resolving: The seller and buyer try to resolve delivery or payment issues related to the purchase.

However, in some cases, the payment can also be a separate off-line transaction or a transaction via a financial intermediary (depicted by the dotted line).

The current payment instruments for use on the web have different characteristics in terms of risk and security.

If you want to do an online transaction processing in an e-commerce environment,then which steps will you follow.

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