Transaction Processor

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Transaction Processor Interview Questions and Answers

Updated 30 May 2023

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Q1. What is the difference between US and Indian health insurance claim?

Ans.

US and Indian health insurance claims differ in terms of coverage, cost, and claim process.

  • US health insurance is typically more expensive than Indian health insurance.

  • US health insurance often covers a wider range of medical procedures and treatments.

  • Indian health insurance may require more paperwork and documentation for claims.

  • US health insurance claims are often processed more quickly than Indian health insurance claims.

  • US health insurance may have higher deductibles and ...read more

Q2. Explain the resume in brief

Ans.

The resume highlights my experience in transaction processing and related skills.

  • My resume showcases my experience in transaction processing and data entry

  • I have highlighted my proficiency in using software such as Excel and QuickBooks

  • I have also mentioned my ability to maintain accuracy and attention to detail while processing transactions

  • My resume includes my educational qualifications and any relevant certifications

  • I have provided references from previous employers who can...read more

Transaction Processor Interview Questions and Answers for Freshers

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Q3. What is a mortgage

Ans.

A mortgage is a loan used to purchase a property, where the property serves as collateral for the loan.

  • A mortgage is a type of loan specifically used to purchase real estate.

  • The property being purchased serves as collateral for the loan.

  • Mortgages typically have a fixed interest rate and a set repayment period.

  • If the borrower fails to make payments, the lender can foreclose on the property.

  • Mortgages can be obtained from banks, credit unions, or other financial institutions.

Q4. Explain the process

Ans.

Transaction processing involves receiving, verifying, and recording financial transactions.

  • Receive transaction information from various sources

  • Verify the accuracy of the information

  • Record the transaction in the appropriate system

  • Update account balances and generate reports

  • Communicate with customers or clients as needed

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