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A cash back transaction taking place at a retail cash counter

A cash back transaction taking place at a retail cash counter

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Article
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The aim of this paper is to propose a new feature called Change Back for consumer accounts, which minimizes the use of cash coins by retail consumer outlets and eliminates the need of carrying the same for banks’ consumer customers. Once implemented in consumer banking applications and point-of-sale devices, the feature will minimize the wastage of...

Contexts in source publication

Context 1
... Back is a feature that could be added to consumer bank accounts and point-of-sale devices in order to enable buyers to return their coins left after a transaction to their bank accounts. Fig.1 illustrates the process of a change back transaction taking place at a retail business cash counter. ...
Context 2
... Back is a feature that could be added to consumer bank accounts and point-of-sale devices in order to enable buyers to return their coins left after a transaction to their bank accounts. Fig.1 illustrates the process of a change back transaction taking place at a retail business cash counter. ...

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