The phrase "point of transaction" is correct and usable in written English.
It is typically used to describe the place or moment when a financial exchange takes place, such as when a customer pays for an item purchased at a store. For example, you could say: "At the point of transaction, the customer paid with cash."
Bank of America does not permit debit card overdrafts for single purchases, the report says, but does allow consumers to overdraw at the A.T.M. — at a cost of $35 per transaction — with customer approval each time, at the point of transaction.
They can also earn revenue through targeted advertising (which in this case is especially valuable because the app is so close to a person's point of transaction).
Based around gesture and voice, it has the potential to remove physicality from the point of transaction altogether — making it actually more like an alternative to pulling out a physical wallet than a smartphone has proven to be.
When integrated into their own solutions, NFC2.0 uses a combination of an app, an inaudible super-sonic signal, and software at the point-of-sale or point-of-transaction.
Importantly, predictive models like decision tree, neural networks, linear regression, etc. can be used to predict and prevent fraud at the point of transactions [49].
The "foreign loading fee" will be charged every time a customer uses a Metro Bank debit card to withdraw cash or make a "point-of-sale" transaction, such as paying a hotel bill.
Others are allowing ATM transactions above €60 plus all point-of-sale transactions".
Preferential placement of a good or service at/near the point of a transaction is something I call "transactional advertising," which I predict will expand as a category in the coming years.
This allows unlimited, or a generous allowance of, free ATM and point-of-sale transactions.
(Even the cash-back option for point-of-sale transactions in Kansas comes with a forty-cent fee after the first two each month).
As a recent victim of debit card theft (someone made a few unauthorized point-of-sale transactions using my debit card earlier this month and it took me a couple days to get the charges erased), I'm now wary of using my debit card at all and I haven't used it since the thefts.
