What makes a transaction valid?
A. A transaction is valid if it is accurate, appropriate, and in compliance. The transaction is accurate when the amount being charged/credited is correct and the items for which you are being charged/credited were received/returned. The transaction is appropriate when the transaction is 1) needed and 2) allowable per the fund source. The transaction is in compliance when it is within all policies and procedures of the University of California and, if applicable, the funding agency.
Related Questions
- Does the three-day right of rescission in a refinance transaction constitute a valid three-day waiver period for receipt of the appraisal under AIR?
- I used my valid Visa card at a merchants POS to carry out a transaction, but my transaction was declined. What went wrong?
- What should I do when a valid U.S. or Canadian zip code receives a transaction accepted with error (TE) acknowledgment?
