online-transaction

Vocabulary Word

Definition

An 'online-transaction' usually refers to the process of buying or selling something over the internet. It means that you're exchanging money or services online.

Examples in Different Contexts

In the tech industry, 'online transactions' can also refer to data exchanges between systems or services. A software engineer might note, 'We've implemented robust protocols to secure online transactions between our platforms.'

Practice Scenarios

Banking

Scenario:

Online banking use has been growing, but there are still customers relying on in-person banking. We need to consider how we can ease the transition for them.

Response:

I suggest providing online banking demonstrations. It might help customers feel more comfortable with online transactions.

Tech

Scenario:

There has been a recent uptick in cyber attacks on e-commerce sites. We need to be proactive about ensuring our customers' data is secure.

Response:

I agree, implementing a robust cybersecurity plan is crucial to protect online transactions.