1.

Explain the transaction risk involved in online banking

Answer» The common transactional risks of online are:(a). Default on order taking/giving:seller may deny that customer ever placed the order.(b). Default on delivery:sometimes goods may be delivered at wrong address or goods other than order may also be delivered.(c).Default on payment:sometimes the seller does not get the payment for the goods supplied whereas tge customer claims that the payment was made.


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