transaction-monitoring

Vocabulary Word

Definition

'Transaction-monitoring' means keeping an eye on all money exchanges in a business. It's making sure nothing out of the ordinary is happening, like too much money leaving at once.

Examples in Different Contexts

In e-commerce security, transaction monitoring helps online retailers identify fraudulent transactions and minimize losses. An e-commerce security manager might state, 'Effective transaction monitoring is key to maintaining the trust of our customers and protecting our revenues.'

Practice Scenarios

Business

Scenario:

It's been noticed that there are consistent small transactions to an unknown account. Let's put an effective check immediately.

Response:

Let's increase our transaction-monitoring efforts to identify and halt any questionable activities.

Leadership

Scenario:

To enhance our financial health, we need to strengthen our ability to detect fraudulent activity. We must prioritize our budget for this.

Response:

I support the idea of amplifying our transaction-monitoring capabilities. It will provide a stronger defense against potential fraud and enhance our credibility.