transaction process
[træn'zækʃən 'prɑːses]
nounpl: transaction processes
processo de transação
1. A series of steps or procedures involved in completing a financial or commercial exchange between parties
The transaction process involves verification, authorization, and settlement.
O processo de transação envolve verificação, autorização e liquidação.
2. The systematic workflow from initiation to completion of a business transaction
Our bank streamlined the transaction process to reduce processing time.
Nosso banco simplificou o processo de transação para reduzir o tempo de processamento.
3. In computing, the sequence of operations executed as a single unit to ensure data integrity
The database transaction process ensures all-or-nothing execution.
O processo de transação do banco de dados garante execução tudo-ou-nada.
This term is widely used in Brazilian and American banking, fintech, and e-commerce industries. In Brazil, it's essential in discussing digital payments and financial modernization. The term has gained prominence with the rise of instantaneous payment systems (PIX in Brazil) and blockchain technology discussions.
Related Idioms & Phrases
streamline the transaction process
expedite the transaction process
automate the transaction process
end-to-end transaction process
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