Remote Transaction Definition | Law Insider (2024)

Remote Transaction

means a Covered Transaction that is carried out by methods other than in person at a Local MassHealth Office, including without limitation, those carried out by telephone, facsimile, mail, electronic means, or the Internet.

Remote Transaction

means any Covered Transaction that is conducted other than in-person at an Agency, including, but not limited to, through the internet, telephone, mail, fax, or any other remote means or process through which an individual interacts with an Agency.

Remote Transaction

means any sale of goods and/or services by you and charged to the Cardholder's Card pursuant to a request for such a sale received by telephone, by mail, by Internet or other medium in which the Credit Card, the Cardholder and/or an individual representing you are not present at your physical premises;

Examples of Remote Transaction in a sentence

  • For all Covered Transactions in which an Eligibility Worker or CSR interacts with a Client, either in connection with an in-office Covered Transaction or a Remote Transaction, the Eligibility Worker or CSR shall offer voter registration assistance to each Client to the same extent as assistance is offered by MassHealth in the completion of its own forms, and shall provide such voter registration assistance to each Client who does not decline such offer of assistance.

  • STUDY SETTING The Remote Transaction System (RTS) is a solution being deployed in Uganda as a part of a pilot project spearheaded by the Microdevelopment Finance Team (MFT) to improve access to microfinance services.

  • The law does not give the individual carte blanche decision- making power.

  • According to press releases, a consortium of companies and NPOs led by Hewlett Packard released in June 2005 an OSS-38 See http://europa.eu.int/idabc/en/document/4327/469 .39 See www.bescomm.net.my .40 See http://europa.eu.int/idabc/en/chapter/452 .‌41 See http://www.un.org/events/microcredit/ .based handheld hardware system – the Remote Transaction System – which will allow tracking loan information in remote areas.42 The system was tested for six months in Uganda.

  • Yet, despite these resources, the challenges in piloting this system forced the RTS team and its partners to face and deal with a number of obstacles.23 In this paper, we describe the complexities in piloting the Remote Transaction System and generalize from these findings to recommend measures that other technology innovators and their partners could adopt when implementing new technology in the development context.


More Definitions of Remote Transaction

Remote Transaction

means Transactions made using your Card Information only. These include (but are not limited to) Transactions made by mail, telephone, online or email.

Remote Transaction

means any Transaction between you and a Cardholder over the Internet using an Electronic Commerce Facility;

Remote Transaction

means any Transaction made without the Credit Card, the Private Label Credit Card or the Cardholder being present at the Place of Business, in particular in the case of a telephone, mail or online order;

Remote Transaction

means a Covered Transaction that is performed by methods other than by an In-Person Transaction including, without limitation, those performed by telephone, facsimile, mail, electronic means, or the Internet.

Remote Transaction

refers to requests for a new License, License renewal, duplicate License, as well as requests to update mailing or residential addresses associated with a License, which are submitted by mail, email, online, telephone, or by other remote means.

Remote Transaction

means a payment transac- tion initiated via the internet or through a de- vice that can be used for distance communica- tion (Regulation 2 of the Payment Services Re- gulations).

Remote Transaction

means any Driver’s License and non-driver Identification Card applications, renewals or changes of address conducted via DMV’s online Driver’s License and Identification Card services portals.

Remote Transaction Definition | Law Insider (2024)

FAQs

What is considered a remote transaction? ›

Remote payment transactions are payment transactions that are initiated via the Internet or by means of a device that can be used for remote communication. Therefore, remote payment transactions always include payment orders placed online (e.g. the use of a credit card in e-commerce).

What is a remote transaction in CICS? ›

A remote transaction for CICS® asynchronous processing is a transaction that is owned by another system and is invoked from the local CICS system only by START commands. CICS application programs can name a remote system explicitly on START commands, by means of the SYSID option.

What is the legal definition of a transaction? ›

Primary tabs. In business law, a transaction is an event associated with business dealings conducted between two or more parties that involve the formation and performance of an obligation or contract. The word transaction is frequently used in real estate and mergers and acquisitions markets.

What do you understand by transaction? ›

A transaction is a completed agreement between a buyer and a seller to exchange goods, services, or financial assets in return for money. The term is also commonly used in corporate accounting.

What are transaction categories? ›

Transaction categorization makes bank reconciliation much easier. With this in place, each processed transaction is placed under a pre-defined category. This helps you easily identify and match the transactions in your bank statement with your account records during reconciliation.

What is the difference between off US and remote on US transaction? ›

What is an On-Us and Off-Us transaction? Ans. A transaction carried out at an ATM of the card issuing bank is called an On-Us transaction. A transaction carried out at any other ATM is called an Off-Us transaction.

What is remote on US transactions? ›

2. "Remote-on-Us" transaction is when a card holder goes to the ATM machine of another Bank other than his or her own bank to make a withdrawal.

What is CICS transaction in mainframe? ›

What is CICS on a mainframe? CICS is an online transaction processing system residing between the z/OS IBM mainframe operating system and enterprise applications. Designed to build customer transaction application programs, it can rapidly process large volumes of work.

What is CICS and what are the CICS transactions? ›

CICS (Customer Information Control System) is middleware that sits between the z/OS IBM mainframe operating system and business applications. As an online transaction processing (OLTP) system, it is used to build customer transaction application programs.

What are the three types of transactions explain? ›

Based on the exchange of cash, there are three types of accounting transactions, namely cash transactions, non-cash transactions, and credit transactions.
  • Cash transactions. They are the most common forms of transactions, which refer to those that are dealt with cash. ...
  • Non-cash transactions. ...
  • Credit transactions.

What is an example of a transaction in law? ›

For example, a transaction might obligate a target company to make additional payments to its creditors, allow a target's clients to cancel contracts, or increase the risk of a lawsuit related to the target's pension or healthcare plans.

What are three examples of transactions? ›

10 examples of business transactions
  • Sales of goods and services, either for cash or credit.
  • Purchasing of goods and materials, either in cash or credit.
  • Purchasing services such as delivering service or marketing services.
  • The business owners are investing their cash in other assets.
Aug 18, 2022

What is an example of a transaction? ›

Financial transactions need to be clearly described for purposes of reporting, reconciling and adjusting. Examples of financial transactions include cash receipts, deposit corrections, requisitions, purchase orders, invoices, travel expense reports, PCard charges, and journal entries.

What is the difference between transaction and payment? ›

The movement that money makes when exchanged for a product or service is what we call transaction. Thus, payment is only one step in a process that involves an intense flow of information exchange between several parties: gateways, sub-acquirers and/or acquirers, brands and issuing banks.

What makes a transaction a transaction? ›

In essence, a transaction is an agreement between two parties: a buyer and a seller. The seller supplies a product or a service in exchange for cash funds from the buyer. The more transactions a company makes, the more it is able to build operating cash flow, pay its debts, and turn a profit.

What is an example of an online transaction? ›

For example, when individuals submit their taxes electronically, they are completing an online transaction. Not all online transactions involve payment, but the majority do. In a B2C transaction, the most common method of payment is by credit card, which involves a series of smaller transactions.

What does debit card purchase remote mean on bank statement? ›

You can use your app* to stop your debit card being used for remote payments, which means transactions where your card isn't physically present. These include payments made online, in-app, by phone or by mail order.

What does remote mean in job search? ›

What is a remote employee? A remote employee is someone who is employed by a company, but works outside of a traditional office environment. This could mean working from a local coworking space, from home, at a coffee shop, or in a city across the world.

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