Transaction Processing System

Transaction processing system is an information processing system for corporations and small businesses. These transactions consist of collections, modifications, and acquiring data. Transaction processing systems are known as transaction processing and real-time processing.

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Examples of Transaction Processing Systems:

  1. Payroll
  2. Order Processing
  3. Employment Records
  4. Accounts Payable
  5. Accounts Receivable
  6. Point of Sale (POS)
  7. Inventory Control

Stages of Traction Processing Systems:               

  • Data Entry Activities
  • Transaction processing activities
  • File and Database processing activities
  • Document and report generation
  • Inquiry processing activities

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Features of Traction Processing Systems:

  • Database Stability
  • Data Hiding
  • Recovery from System Failures
  • Recovery from Server Crashes

The advantages of Transaction Processing Systems (TPS)

  • Easy to use for online shoppers
  • Systems are efficient and great response time
  • Simple to use through database servers
  • Useful with Credit Cards worldwide

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The disadvantages of Transaction Processing Systems (TPS)

  • Millions of requests cause issues through the systems
  • Servers have issues with transactions at times
  • Database storage that consists multiple information of customers can cause privacy concerns when systems are being hacked
  • Hardware failure
  • Electrical problems

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Transaction Processing System

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