What is meant by Transaction history?
The term "transaction history" refers to the chronological recording and storage of all transactions carried out by a system or company. This history provides a complete overview of all transactions, including relevant details such as date, amount, involved parties, and status. It is crucial for traceability, analysis, and reporting of financial or business activities.
Typical software functions in the area of "transaction history":
- Detailed Recording: Storing all relevant transaction data such as transaction ID, timestamp, amount, and status.
- Search and Filter Functions: Ability to search and filter specific transactions based on various criteria (date, amount, involved parties).
- Report Generation: Creation of reports on completed or pending transactions.
- Export Functions: Export of transaction data in common formats like CSV or Excel for further analysis.
- Security Protocols: Protection and encryption of transaction data to prevent tampering or unauthorized access.
- Traceability: Ability to trace the complete history of each transaction to identify discrepancies or errors.
- Long-Term Archiving: Storing the transaction history over long periods to ensure historical data is always accessible.
Examples of "transaction history":
- Complete recording of all monthly transactions of an online store.
- Historical overview of all credit card payments made by a company.
- Report on all refunds processed within a specified timeframe.
- Tracking an international transfer and its status changes.
- Accessing the transaction history to identify and correct a booking error.
