#Type of transaction processing system software
With other kinds of non-financial transactions, different parts of a software architecture need to be updated. The money has to come out of one account and go into another account. In order to be successful, the process has to be completed from start to finish. When we talk about transaction processing, the term "transaction" refers to the entire process. Both can both be applied to standard e-commerce systems that handle financial transactions. Experts contrast transaction processing with a different type of model called batch processing, where a larger number of individual transactions are handled collectively. That's partly because at its core, transaction processing is not just a term for financial transactions, although many TPS systems, such as those for credit card processing, may revolve around the process of money changing hands.Įssentially, transaction processing is a model for various transactions, including both financial transactions and other processes like verifications. However, like some of the other terms around IT, this label can seem a bit vague. Businesses of many different types may invest in a transaction process system as part of IT merchant services or other parts of the software architecture.
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