transaction-review

Vocabulary Word

Definition

You could say that 'Transaction Review' is like homework for money matters. It involves checking the details of a transaction, like the date, amount, and recipients, before finalizing.

Examples in Different Contexts

In e-commerce, transaction review is a process where transactions are checked for authenticity and to prevent fraud. An e-commerce manager might say, 'We use an automated system for transaction review to quickly identify and stop fraudulent orders.'

Practice Scenarios

Tech

Scenario:

There seems to be unusual behavior in the transaction patterns of several accounts. We should investigate further to mitigate any potential risks.

Response:

Yes, let's conduct an in-depth transaction review to detect any potential violations and secure our systems.

Banking

Scenario:

Our team has been monitoring account activities and identified some red flags in a few customer transactions.

Response:

I agree, it would be prudent to conduct a transaction review for these accounts to prevent potential fraudulent activities.