Transaction Processing Systems. The phrases "point of sale" and "transaction processing system" represent two different, yet closely related concepts having to do with the sales function.

Transaction processing systems (TPS) are business applications that collect, store, modify, and retrieve the data transactions of an enterprise. Transaction processing systems also attempt to provide ...

Related Terms: Internet Payment Systems Transaction process is a term that refers to the adding, changing, deleting, or looking up of a record in a data. Newsletters SUBSCRIBE.

To compete in the digital economy, most enterprises will need to transform their transaction processing systems, rethinking their transaction processing architecture and databases for extreme ...

In the past, IT professionals have tried to use transaction processing systems simultaneously for business intelligence. But rarely has this strategy turned out well.

Transaction processing systems are the backbone of an organization because they update constantly. At any given moment, someone may need an inventory balance, an account balance or the total ...

Today, government agencies have few options that allow them to seamlessly process payments. One industry leader is hoping to change that — one transaction at a time. Here’s how.

Online transaction processing (OLTP) is the real-time data processing behind ATM withdrawals, credit card payments, ticketing and reservation systems, online shopping, and electronic commerce in ...

Transaction processing is the unambiguous and independent execution of a set of operations on data in a relational database, which treats that set of actions as a single event. If any part of the ...

The merchant processor Element Payment Services Inc. of Phoenix plans to use transaction processing services from Hypercom Corp., Hypercom said Tuesday. Hypercom, also of Phoenix, said Element would ...