transaction processing

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transaction processing

Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time.

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 current value of a financial portfolio. Also called "online transaction processing" (OLTP), the OLTP market is a demanding one, often requiring 24x7 operation and the most reliable computers and networks.

A manual example of transaction processing would be that every time you purchased an item, you added the amount paid to a running total. Contrast with "batch processing," which means that you save all receipts in a drawer and add them up at the end of the year for taxes. See two-phase commit, mission critical, industrial strength and fault tolerant.

References in periodicals archive ?
CA's SaaS-based multi-layered authentication solution includes CA Transaction Manager to facilitate the implementation of the Verified by Visa 3-D Secure program and CA Risk Analytics to assess card-not-present (CNP) payment transactions in real time and determine the likelihood of fraud.
Besides the online transaction manager, MoreSolds features complete contact management, online calendar, tasks and action plans, online document storage, web capture forms, lead router, mail merge letters, action plans, listing inventory, buyer management, showing feedback, email campaigns, eNewsletters and much more, all in one complete online system.
There are several versions of reporting software available in conjunction with Transaction Manager that are customized to various industries.
The on-premise version of TrueCommerce Transaction Manager for Sage 100 ERP is ideal for organizations that prefer to manage their own deployments.
CONTACT: Jack Donachie, VP Transaction Manager, MD Johnson Inc.
Both the web-based and on-premise versions of TrueCommerce Transaction Manager for Microsoft Dynamics GP are certified for Microsoft Dynamics GP, Microsoft's highest standard for partner-developed software.
TrueCommerce Transaction Manager fully automates the process of receiving purchase orders, sending order entry and accounts receivable invoices, purchase order acknowledgements, and advance ship notices.
Greco preceded his role with Nielsen as a transaction manager on the Sovereign Bank account.
the leading provider of B2B solutions for transaction-based interoperability, today announced it has entered into an agreement to license Edifecs SpecBuilder, XEngine, Healthcare Transaction Repository (HTR) and Transaction Manager solutions to First Data Healthcare Services, part of First Data Corp.
Prior to his role with Cushman & Wakefield, Cohen spent four years as a corporate real estate consultant/ transaction manager at Equis Corporation.
Edifecs Transaction Manager provides visibility and accountability across complex healthcare processes, enabling business managers at payer, provider and clearinghouse organizations to capture intelligence about critical transactions as they proceed through the lifecycle, and the ability to act upon it immediately.
The TrueCommerce Transaction Manager for Microsoft Dynamics GP makes it simple and affordable to comply with your trading partners' EDI requirements, while making your business more efficient at the same time," said Nick Manolis, Vice President and General Manager, TrueCommerce EDI Solutions Group.

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