![]() What are the Main Features of a Transaction Processing System?Ī transaction processing system has the following features: 1 Reliability There is no time delay in the real-time processing system. Under real-time processing, every single transaction is processed with immediate effect. There is generally a time delay in this type of processing. For example, a company may want to process the payroll of its employees in a weekly or bi-weekly manner, thus the batches of employee salaries will be processed over a span of one and two weeks respectively. These batches can be customized as per organization requirements. ![]() There are basically two types of transaction processing: 1 Batch ProcessingĪs the name suggests, the processing of transactions takes place over batches. Different Types of Transaction Processing System? This operability gives the businesses an opportunity to tap, exist and grow in newer markets that are raw and full of opportunities. TPS is a carrier tool for any business since it gives businesses the freedom to operate in different segments of society by working remotely. It allows multitasking at a wider level with an unmatched ability to process thousands of transactions at the same time without any delay or break-down. TPS is an excellent technology in handling and managing the everyday operations of any given organization. Importance of Transaction Processing SystemĪn ideal TPS is crucial in taking care of the following two aspects:
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