Transaction Process

The transaction process refers to the series of steps involved in completing a financial transaction. It typically includes activities such as initiating the transaction, verifying the details, authorizing the payment, and recording the transaction. This process ensures that the transfer of funds or goods between parties is executed accurately and securely. It may involve various methods such as cash, credit cards, online payments, or electronic transfers. The transaction process is crucial for businesses and individuals alike, as it ensures smooth and reliable financial operations.