Transaction Processing Assignment Help Service
The process of transaction processing has been intended to maintain the integrity of a system in a consistent state by confirming that interdependent operations on the system are all finished successfully or are cancelled successfully. The interesting aspects of this topic seem alluring to students worldwide and so, they choose to take up its study.
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What is Transaction Processing?
Transaction processing is viewed as a style of computing which is commonly accomplished by large server computers which support interactive applications. Here, the job is divided into indivisible and individual operations, known as transactions.
On the contrary, batch processing is considered a style in computing where one or more than one program processes a batch with little or absolutely no action from the operator or the user.
The Job of Transaction Processing
The TPS permits an application programmer to focus on writing code which supports the business by defending application programs from the particulars of transaction. Its job includes:
- Managing the concurrent processing of transactions.
- Managing the prioritization of transaction execution.
- Enabling the sharing of data.
- Ensuring the integrity of data.
Types of a Transaction Processing System
There are various kinds of online transaction processing systems and they are inventory control, payroll, accounts payable, order entry, accounts receivable, etc. Transaction processing forms valued input into several other systems in an organization, like decision support systems.
A TPS acts as a foundation for various other systems. The job of a TPS is tracking routine operations; however, it doesn’t propose much support meant for decision making.
For instance, when the matter zeroes on a bank account, then a TPS does keep track of every event related with a single account, like transfers, withdrawals, deposits, interest paid, fees, etc. This proposes an excellent account of the account activity.
Now, if a customer comes to a bank and requests for a car loan then this account activity will not turn out to be sufficient for the bank for making a choice on the car loan. It needs uniting information from various sources besides analyzing the customers’ financial profile.
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Examples of Transaction Processing
TPS provides numerous real-time benefits to the businesses and some examples of TPS are as follows:
- Credit card authorizations
- Automated Teller Machines or ATM
- Trading stocks online
- Self-checkout stations
- Online bill payments
- Other forms of electronic commerce
All businesses deal with these kinds of systems daily and how the company manages these transactions turn into a vital factor in their success. When the business grows, the number of transactions that people have to deal with does increase too. So, it is important that a person ensures that the transaction process does not become very complex; else, the person will deal with frustrated customers.
Benefits of a Transaction Processing System
There are many benefits of a transaction processing system and they are:
- Operations Handling – Transaction processing system is well capable of handling many transactions simultaneously. An excellent TPS can coordinate countless purchases and debit accounts simultaneously. Additionally, it can hold every person’s private banking as well as address information too.
- Untapped markets – Another big benefit of applying a TPS is its capability for you to reach as well as gain customers from all across the globe. A TPS meant for small business does permit people from all over the world to have access and purchase its products or services. By implementing a transaction processing system, it becomes possible to improve your probability of growth and get to new audiences.
- Online transaction systems – It becomes easy to create the best solution with the help of an online transaction system. These systems turn out to be more efficient and they have superb response times too. Additionally, they can be easily used and people can handle all kinds of credit cards easily.
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