A transaction date is the recorded date and time in which an agreement of trade has been made. This is not necessarily the date of when the transaction is settled. Many companies store their transaction dates in their Master Data Management, a software system that stores and logs all transaction data, for various things such as records and tracking. It may also record more than just the date of transaction but also the pending, authorised or declined statuses of the transactions.
When bonds, stocks, and commodities are commonly bought, the date of transaction is called a trade date. After the transfer of payment is approved, it is known as a settlement date.
Payment Processing Services by NOIRE
NOIRE provides industry leading online payment processing services & risk management technologies. Designed using NOIRE, “Simply Switch On”, approach to payment processing, our payment solutions are built using the latest payment processing technology enabling businesses to “Plug In” and “Switch On” payment modules with ease if and when required.
As a leading Payment Service Provider, you can trust NOIRE to find the right solution for your business. We provide everything in one simple agreement – your Internet Merchant Account, Payment Gateway and Payment Processing with all the leading cards issuers. Combined with NOIRE’s industry leading fraud & risk management solutions, merchants can be confident managing their payments safely and securely from beginning to end with NOIRE.