"To initiate the transaction" means to start or begin a business deal or financial exchange. It refers to the action of starting the process of buying or selling goods, services, or making a financial transaction like a payment or transfer.
Full definition
This could be particularly important for businesses in ecommerce or online services looking to build trust with potential customers and
initiate transactions online.
The pathway to funding a forex account with Neteller usually starts with funding the Neteller wallet, then
initiating the transaction on the broker's website, before being redirected to the Neteller wallet where the transaction is concluded.
Consequently, the ideal and more secure practice would be one where the key would not have to leave the wallet
when initiating a transaction and access to the device itself is protected by authentication.
Some digital currency transactions shall be deemed to be made when recorded on a public ledger, which is not necessarily the date or time that the
customer initiates the transaction;
Note: If you choose to
initiate the transaction from your bitcoin wallet, the steps are similar to begin with, but note that the price you pay for your bitcoin in this scenario will depend on the price at the time the funds hit your wallet, which will normally be 1 - 2 business days after you submit the deposit request.
As per the Card Scheme rules, the cardholder can request a charge - back up to (in the case of Visa) 13 months after the transaction, at which point we are required to provide any data we collected about the transaction to prove that the
cardholder initiated the transaction (data that, by definition, personally identifies the individual).
«The upside is that the merchant ca
n't initiate a transaction by themselves, the merchant can't change the amount, and you can revoke it, just like you can revoke access to applications with Facebook,» Armstrong explains.
However, most disruptive of all, it is introducing third party providers (TPPs) who can connect to bank accounts, retrieve information and in some
cases initiate transactions.
Once a
client initiates a transaction, BitPrime's third - party escrow partner, Local Bitcoins, will hold the bitcoin in trust until the payment has been made.
It seems that HitBTC doesn't even attempt to
initiate transactions half the time, and just holds onto coins for extended periods with no indication of what they are doing with them.
MEW offers the ability to create wallets and
initiate transactions completely offline, which is more secure but less convenient than going through a web browser.
Inactivity is defined as a 365 - day period during which there were no customer -
initiated transactions on any Citadel account.
(4) some Virtual Currency transactions shall be deemed to be made when recorded on a public ledger, which is not necessarily the date or time that the
customer initiates the transaction;
Instead, the customer simply taps their card to the terminal to
initiate the transaction.
Mobile payments use NFC technology and enable a customer to wave or tap their payments enabled - smartphone to the terminal to
initiate a transaction.
McDonald called Cadillac's offer «very advantageous» in a statement, indicating that it was the tight - lipped landlord that
initiated the transaction.
We may
initiate the transaction by bringing the potential acquisition idea to the client or the client may ask our assistance in completing a transaction with a target they have already identified or even with whom they have initiated discussions.
The UK is now second only to Hong Kong as an RMB economy by weight for customer -
initiated transactions, with the next most significant European economy being France, who would require a four-fold increase in activity just to match where the UK is now.
Hard inquiries are logged for all consumer -
initiated transactions.
If your account is a consumer account, when
you initiate transactions that cause you to incur an excessive number of NSF or overdraft fees within a rolling 12 - month period, we will notify you in a message on your account statement and advise you to contact us about exploring less costly alternatives to managing your account.
On top of this, you get charged a cash advance fee for
initiating the transaction.
Make finance more transparent by eliminating complex structures, and limiting all derivative transactions such that only hedgers may
initiate transactions.
Mobile Banking App is software that, once downloaded to your mobile device, allows you access to your accounts, view balances and transaction history,
initiate transactions and pay bills using compatible and supported mobile devices.
The pre-qualified auto financing process begins when you, the consumer,
initiate the transaction.
Barclays will charge a $ 5 insufficient funds fee if
you initiate a transaction for more than you have in your account.
Without offering any more details about your background, you'll get the answer about how to
initiate the transaction, as you asked, but no appropriate council about what's right for you.
Except as otherwise provided herein, you shall have no ability to cancel
any initiated transaction, and, once you initiate payment, those funds will be handled at the direction of the Landlord.
For the purpose of this statement, online activity is defined as the ability of members to access personal account information and general credit union information, to
initiate transactions on your credit union accounts, and to apply for additional credit union products and services online.
Inactivity is defined as a 365 - day period during which there were no customer -
initiated transactions on any Citadel account in which case a $ 5 inactivity fee will be applied to each checking, savings, and money market account, if the combined balance of all deposit accounts is less than $ 500.