Transaction process is a term that refers to the adding, changing, deleting, or looking up of a record in a data file or database by entering the data at a terminal or workstation. Most transaction ...

In the operational level of an organization, transaction processing systems (TPS) are the basic business systems. You can think of order entry systems for sales, hotel reservation systems, payroll, ...

Until recently, only certain companies, such as high-frequency trading firms or digitally native companies like Facebook and Google, built their business models around extreme transaction ...

Here’s a question for finance leaders: Is transaction processing a key element of finance transformation? If I think back to the hundreds if not thousands of conversations I have had on the subject of ...

Yin and yang, life and death, Clark Kent and Superman. Some concepts are so intertwined that it’s impossible to imagine one without the other. Transaction processing (TP) and relational databases ...

Updating the appropriate databases as soon as an order, payment or other transaction is made. Transaction processing enables anyone in the organization to obtain an account balance, inventory balance ...

When it comes to determining the cost of your accounts payable processing, don’t forget to factor in the time your staff spends processing invoices — time they could be spent working on other things ...

SAN FRANCISCO--(BUSINESS WIRE)--Visa Inc. (NYSE: V) today announced Visa Smarter Stand-in Processing (Smarter STIP), a new capability that uses real-time artificial intelligence (AI) to help financial ...

SAN FRANCISCO--(BUSINESS WIRE)--The Transaction Processing Performance Council (TPC) today announced the formation of a new Working Group (TPC-AI), tasked with developing industry standard benchmarks ...

Discover how batch credit card processing can save costs with grouped transactions. Learn how it works, key benefits, and considerations for your business.