A small business processes transactions that result from day-to-day business operations, such as the creation of paychecks and purchase orders, using a transaction processing system, or TPS.

It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. At any given moment, someone may ...

Businesses operate more efficiently by using varied information systems to interact with customers and partners, curtail costs and generate revenues. Transaction processing systems (TPS ...