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Can anyone tell about Financial transaction systems in creditcard company.i was asked this Question in interview.

  
Total Answers and Comments: 2 Last Update: November 24, 2005     Asked by: ramesh 
  
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November 07, 2005 02:09:41   #1  
mogambomb        
RE: Can anyone tell about Financial transaction system...
i was asked about the knowledge of billing systems(not telephone billing systems) in a recent interview.i lacked exposure to billling systems. i would be grateful t o anyone who would help me. thank you
 
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November 24, 2005 01:15:27   #2  
manjunath        
RE: Can anyone tell about Financial transaction system...

basically you should connect company to customer then you should tell about intermeiaries used for the purpose & the transactions

first company has an database of customers with identification code and same identification code is also present on the credit card of the customer- every time he makes transaction an transaction no is generated which either debit's the a/c or credit's and all the process is stored in database the important thing's will the following.

1)swift code on the card

2)transaction id

3)location

4)interest to charged based on the interest rate set up


 
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