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.

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References in periodicals archive ?
There are ways of modeling data that usually speed up querying and reporting (e.g., a star schema) and may not be appropriate for transaction processing, as the modeling technique will slow down, and complicate, transaction processing.
The most basic business system and the heart of most organizations is the transaction processing system (TPS).
TransFirst, LLC is a provider of secure transaction processing services and payment enabling technologies, providing innovative products and services designed with financial institution, independent sales organization, healthcare, e-commerce, integrated partners, government and merchant customers' unique needs in mind.
Also, Gotham Ingedigit Financial Processing Corp, a US based advanced financial transaction processing and technology company, will be renamed as Power2Process Inc.
It has become a "stamp of approval" that communicates to this constituent community a firm's commitment to ethical and moral business practices from transaction processing all the way through to financial reporting.
** TPC-C is an OLTP (online transaction processing) benchmark developed by the Transaction Processing Performance Council (TPC).
The company's portfolio includes the Diva range of media processing products for voice, speech, conferencing, fax, and document handling applications, the Eiconcard range of transaction processing products, and the Shiva range of security products.
Profile Management is available to merchants using Paymentech's proprietary Internet payment system, called Orbital Gateway, as well as merchants using the Orbital Virtual Terminal to manage transaction processing from a web browser.
Geac, a global enterprise software company for business performance management, has entered into an integration and marketing partnership agreement with TRX[R], a global leader in travel transaction processing and fulfillment services.
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.
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.

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