Order rejection errors add to the challenge

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Overall, merchants say 1.1 percent of accepted orders later turn out to be fraudulent. This number has been relatively steady for the last three years (1 percent in 2005, 1.3 percent in 2004). But merchants also say they are rejecting 4 percent of because they suspect fraud. Even if only 1 out of 5 of those prove to be valid, merchants will have turned away another $1.6 billion in sales — likely losing them to a competitor.

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Dealing with online transaction processing errors is a cumbersome task that may lead to merchants losing money . If one were to define transaction processing systems it can be said as the structured pattern in the organization that aids in dealing with the transactions. The system will not only record the transactions but also reproduce as and when desired. The idea is to make sure that the whole system operates in a foolproof manner and if there are any discrepancies rectification can be made easily by recalling everything right from the point of making the error.