Transaction Processing

What is Transaction Processing?

Definition and meaning of Transaction Processing

Transaction processing is the sySTEM of finishing a undertaking and/or person/application request either right away or at runtime. It is the Collection of various interrelated duties and Procedures that ought to paintings in sync to finish an standard enterprise process transaction.

What Does Transaction Processing Mean?

Transaction processing relates to any actual-time Business Transaction or process accomplished by way of a transaction processing machine (TPS) or other commercial enterprise Records gadget (BIS). The manner occurs when a consumer requests of completion or success of any Method. Once a a TPS or associated Device gets a request, it coordinates with the respective gadget for Authorization, inFormation requests or any precise challenge critical to a whole transaction.

For Instance, whilst a cash withdrawal request is made at an ATM machine, the device first authorizes the consumer Credentials and stability inquiry/reputation from the returned cease banking structures. Once the records is acquired, the ATM system tactics the consumer request or typical transaction. Moreover, a TPS can be given, reject or halt a transaction based totally on environmental Variables.

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