Origin of transactfrom Classical Latin transactus, past participle of transigere, to drive through, settle from trans- + agere, to drive: see trans- and act
verbtrans·act·ed, trans·act·ing, trans·acts
Origin of transactLatin trānsigere trānsāct- trāns- trans- agere to drive, do ; see ag- in Indo-European roots.
(third-person singular simple present transacts, present participle transacting, simple past and past participle transacted)
transact - Computer Definition
An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting and analysis. See Open Market.