transaction initiation
[/trænˈzækʃən ɪˈnɪʃieɪʃən/]
nounpl: transaction initiations
iniciação de transação
1. The act or process of beginning or starting a financial or commercial transaction, typically involving the submission of a request or order
Transaction initiation requires proper authentication and verification of the customer's identity.
A iniciação de transação requer autenticação apropriada e verificação da identidade do cliente.
2. In banking and finance, the first step in a payment or commercial exchange process
Mobile banking apps have simplified transaction initiation for customers.
Aplicativos de banco móvel simplificaram a iniciação de transação para os clientes.
3. The formal commencement of a business deal or contract between parties
Transaction initiation requires agreement from all parties involved.
A iniciação de transação requer acordo de todas as partes envolvidas.
In both Brazilian and American financial contexts, 'transaction initiation' is formal banking and fintech terminology. Brazil has seen rapid adoption of this term with the growth of digital banking and instant payment systems (PIX). In the USA, it's standard vocabulary in banking, e-commerce, and financial technology sectors. The term reflects the increasingly digital nature of financial services in both countries.
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