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.

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References in periodicals archive

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The most basic business system and the heart of most organizations is the transaction processing system (TPS).

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Also, Gotham Ingedigit Financial Processing Corp, a US based advanced financial transaction processing and technology company, will be renamed as Power2Process Inc.

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** TPC-C is an OLTP (online transaction processing) benchmark developed by the Transaction Processing Performance Council (TPC).

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While NAS is best suited for file access or non-transaction processing and SANs are best suited for block-level access or transaction processing, the need for a single unified storage topology that handles both files and blocks is badly needed and long overdue.

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To accommodate this Tower of Babel, the current software design trend keeps screen-handling routines separate from transaction processing. This allows users to design screens that meet their needs using any language.

Software that speaks your language