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Memo-posting is a banking practice used in traditional batch processing systems where temporary credit or debit entries are made to an account before the final balance update occurs during end-of-day (EOD) processing. The temporary entry created during memo-posting is reversed once the actual transaction is posted during batch processing.
Memo-posting systems often need to go off-line while the database is re-loaded to prepare for the next day's business. Real-time systems do not need that re-load window. Sometimes real-time posting is thought to mean 'there is no batch'. This is not always the case. Real-time posting systems may still need to support batch processing.
Despite the success of eBay, numerous other online auction sites have either shut down or consolidated with other similar sites. Creating an innovative and efficient business model is vital towards success. Online auctions can be categorized into five main models: C2C, B2C, B2B, B2G, and G2P.
hi We need some examples about memo mode transaction posting. please guide us in this regards, and please include also ATM channel transactions. my second question is (what should be behavior of EOD (batch processing).
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The Business Process Definition Metamodel (BPDM) is a standard definition of concepts used to express business process models (a metamodel), adopted by the OMG (Object Management Group). Metamodels define concepts, relationships, and semantics for exchange of user models between different modeling tools.
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A memorandum (pl.: memorandums [1] [2] [3] or memoranda; from the Latin memorandum, "(that) which is to be remembered"), also known as a briefing note, is a written message that is typically used in a professional setting. Commonly abbreviated memo, these messages are usually brief and are designed to be easily and quickly understood. Memos can ...