ONLINE TRANSACTION

An online transaction is a payment technique in which funds or money are sent online via electronic fund transfer. The online transaction procedure (OLTP) is safe and secure. Registration, placing an order, and payment are the three phases of an online transaction.

ADVANTAGES

1)For online consumers, this is the best and easiest solution.<div>

2)These systems are extremely efficient and have quick response times.

3)Very simple to use; simply fill out a form and the web and database servers will do the rest.

4)Online banking relies entirely on online transaction processing technologies.

5)These systems also handle credit cards well.

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