Card Transaction Data

Card Transaction Data

Card Transaction Data is financial data generally found through the transfer of funds between a card holder's account and a business's account. It comprises of the use of either a debit card or a credit card to generate data on the transfer for the purchase of goods or services. Transaction data describes an action which is comprised of events in which master data participates in. Master data is the people, places or things an organization cares about and is consistent. Transaction focuses on the price, discount and method of payment interaction between the customer and the organization and changes every time a transaction is made. Since debit and credit cards are commonly used to pay for goods and services, they represent a strong percentage of the consumption expenditure in the country.