transaction processing

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Related to transaction processing: Transaction Processing System

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 Processing Performance Council (TPC) is a non-profit corporation founded to define transaction processing and database benchmarks and to disseminate objective, verifiable TPC performance data to the industry.
com), a privately owned company founded in 1995, is a leading provider of application delivery and network services for the transaction processing industry.
In a common transaction processing environment, information from a credit or debit card would be entered into a Verifact POS terminal, which would in turn transmit the information over dial-up telephone lines to a central site, dialing in through the Transaction Processing Hub.
Kabira provides high performance transaction processing software for global enterprises to manage high volumes at a substantially lower cost.
The Transaction Processing Hub interfaces with the local exchange carriers' services, including Feature Group B, D and 800 lines, routing traffic via T1 trunks to LAN interfaces for transaction processing applications, such as credit care, point-of-sale, and inquiry/response.
Industry leaders in transaction processing and related services today revealed plans to deliver a series of products based on Encina.
22 /PRNewswire/ -- IBM (NYSE: IBM) today announced new software products designed to allow customers such as banks, retail establishments and manufacturing firms to use IBM's powerful RISC System/6000(A) computer as a transaction processing system for their critical business applications.
These executive appointments are part of Kabira's new strategy to align its unique strengths in high volume transaction processing software and the rapidly accelerating needs of real-time, always-on business models.
based Kendall Square will offer USL's TUXEDO Enterprise Transaction Processing System and the TUXEDO System/D database on their new, highly parallel computer system, the KSR1.
a Global Provider of Business Process Outsourcing That Specializes in High-End Transaction Processing Services, Hires Top Talent to Build Leadership Team

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