Transaction processing systems
Encyclopedia
Transaction processing systems (TPS) automate the handling of data
about business activities or transactions, which can be thought of as simple, discrete events in the life of an organization.
Data about each transaction are captured, transactions are verified and accepted or rejected and validated transactions are stored for later aggregation. Reports may be produced immediately to provide standard summarizations of transactions and transactions may be moved from process to process in order to handle all aspects of the business activity.
The analysis and design of TPS means focusing on the firm’s current procedures for processing transactions, whether those procedures are manual or automated. The focus on current procedures implies a careful tracking of data capture ,flow ,processing and output. The goal of TPS development is to improve transaction processing by speeding it up, using fewer people, improving efficiency and accuracy, integrating it with other organizational information systems or providing information not previously available.
Data
The term data refers to qualitative or quantitative attributes of a variable or set of variables. Data are typically the results of measurements and can be the basis of graphs, images, or observations of a set of variables. Data are often viewed as the lowest level of abstraction from which...
about business activities or transactions, which can be thought of as simple, discrete events in the life of an organization.
Data about each transaction are captured, transactions are verified and accepted or rejected and validated transactions are stored for later aggregation. Reports may be produced immediately to provide standard summarizations of transactions and transactions may be moved from process to process in order to handle all aspects of the business activity.
The analysis and design of TPS means focusing on the firm’s current procedures for processing transactions, whether those procedures are manual or automated. The focus on current procedures implies a careful tracking of data capture ,flow ,processing and output. The goal of TPS development is to improve transaction processing by speeding it up, using fewer people, improving efficiency and accuracy, integrating it with other organizational information systems or providing information not previously available.