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 ?
The Transaction Manager will work closely with project staff from SPU within the Department of State Development (DSD), legal contractors, probity advisors, technical advisors, commercial advisors and other contractors employed by the State for the Integrated Resort Developments.
When available, IBM financial transaction manager (FTM) for immediate payments will support new global payment initiatives such as The Clearing House (TCH) in the United States and the Pan-European instant payment scheme in Europe.
IBM plans to introduce its Financial Transaction Manager (FTM) for Immediate Payments, which will support global payment initiatives such as The Clearing House (TCH) in US and the Pan-European Instant Payment Scheme in Europe.
Once the loans are boarded and the work of servicing those loans has begun, the transaction manager remains the only place the seller ever has to go with a question or concern.
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.
Executive Managing Director Kevin Welsh, Managing Director Brian Schulz, Associate Chuck Kohaut, Financial Analyst Jason Emrani, and Transaction Manager Maria Betancourt are joining the firm from CBRE.
To process the billions of ACH and check payment transactions that electronically flow through its systems annually, the Federal Reserve will implement IBM's financial transaction manager, allowing it to input, process, clear, settle and provide billing/accounting functions for all ACH payments in all 12 districts across the Federal Reserve system.
The web-based version of TrueCommerce Transaction Manager for Microsoft Dynamics GP is a good choice for organizations that are new to EDI and want to keep things simple by leaving maintenance, backups and updates to TrueCommerce.
Selman, Todd Rosenberg, Scott Lessne, Ilana Lubin, Nicholas James, Lorin Dale-Pierce, Simon Leefatt, Karen Kopel, Jennifer Rodriguez, and corporate transaction manager, Matt Postiglione.

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