Transaction Processing Systems. The phrases "point of sale" and "transaction processing system" represent two different, yet closely related concepts having to do with the sales function.

Transaction processing systems (TPS) are business applications that collect, store, modify, and retrieve the data transactions of an enterprise. Transaction processing systems also attempt to provide ...

Transaction processing is the unambiguous and independent ... First introduced in the 1970s for mainframe systems, transaction monitors were reborn in the late 1990s as software publishers ...

Most transaction processing systems also include a method of ensuring that all the information entered as a transaction is simultaneously saved.

Transaction Processing System. A small business processes transactions that result from day-to-day business operations, such as the creation of paychecks and purchase orders, ...