A “transid,” short for transaction identifier, is a unique alphanumeric code assigned to every transaction that occurs within a given system. It’s essentially a digital fingerprint, allowing for easy tracking and verification.
These transids are vital for auditing and reconciling financial records, and are also essential for resolving disputes and preventing fraud.
This article explores the purpose of a transid, how they’re generated, important security considerations, and the many applications where they play a crucial role.