Transaction processing systems are the ones that hold massive priorities these days. Obviously, they are important, that is, in both the online processing. Thus, as well as offline. That is, the independent processing systems. Obviously, that doesn’t need the World Wide Web. An example of transaction processing is an automated teller machine also, known as an ATM. It is not one of the modern examples of transaction processing systems. Obviously, the first ATMs came into existence from Barclays Bank in London, UK. It came into existence in the late 60s. Thus, as some even claim it came into existence. That is, in the year 1969.
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EXAMPLES OF TRANSACTION PROCESSING SYSTEMS:
So these are some of the examples of transaction processing;
AN ATM OR AN AUTOMATED TELLER MACHINE:
ATM or an automated teller machine. Thus, is an example of transaction processing. Obviously, which is the most modern. Apart from this, the most sophisticated example of the transaction processing system. An ATM machine is also known in the West. Hence, as the Cash Machine. Hence, it dispenses cash to the customers upon request. You call the Cash machine, an ATM. Otherwise, an automated teller machine or most desirably. Also, ‘A hole in the wall’. Certainly, it is these days in its most sophisticated forms. Hence, it dispenses cash for the customers.
An ATM placement holds the most vital concerns for the customers. Obviously, they use the machine for their daily cash withdrawals. You need to place your ATM card in the machine. On top of this, enter the unique 4-digit pin in most circumstances your ID which is a unique set of 4 numbers. It can even be your year of birth. However, most of the people want to keep it unique. That is, for the sake of making it memorable. As well as secretive. Additionally, something very unique.
KEY FUNCTIONALITIES INCLUDE SHORT STATEMENTS & BALANCE ENQUIRIES:
The ATM while you insert your card. Obviously, ask you for options which also include checking your balance. Also, asking for a printed short statement. In addition to this, changing your pin number. Apart from these, it is these days it is added with many more functionalities. In the West especially in the UK, USA, and Canada. Hence, the machines have a feature of taking the cash-in. Apart from this, they are providing cash-in services which the modern transaction is processing. The machines of this modern era include from companies which are very old. Furthermore, dealing in financial. As well as, the risk management services. These include the likes of NCR & Fujitsu. Furthermore, many more in the industry. The NCR is one of the most famous ATM-providing companies. Apart from this, it is based in the USA.
Transaction handling & security are key features of this Transaction processing system.
AIRLINE SEAT RESERVATION SYSTEM:
ASRS is the Airline Seat reservation system. Furthermore, is a modern example of TPS. Otherwise, a transaction processing system. The Airline reservation system makes it easier for the companies. Hence, as well as people. Obviously, to reserve an airline. Apart from this, a seat. Furthermore, is an online reservation system. Amadeus is one of the most effective airline central reservation systems. A ticket booking system, which is in practice these days. Furthermore, is part of the modern booking TPS. That is, used all over the globe.
There are many benefits associated with this transaction processing. Obviously, as there are with the ATM. That is, the teller machine. The concept is the same. That is, providing ease of use for the customers. Apart from this, the biggest. As well as, the guaranteed advantage in terms of usage. It is the ease-of-use feature of the system. Obviously, that makes it very safe. Also, very secure. Furthermore, easy for use for the end users. Here, the end users can be the clients. Thus, as well as online booking systems they are the customers.
The difference from the ATM transaction processing system is that it is not tangible like the ATM machines are. It is a software as well as an ATM transaction processing are. However, ATM machines are a mandatory requirement. That is, for such a transaction processing to take place. Alternatively, it would be best to say that the integration works well. That is, with the ATM machines. Thus, only as compared to the online reservation system.
ORDER PROCESSING SYSTEMS:
The order processing systems which include online order processing systems. Obviously, are also part of the TPS. Otherwise, the transaction processing. ‘Systems’, obviously includes the use of dedicated software. That is, for the sake of efficiency. Apart from this, the most effective transaction management.
The effectiveness of order processing is seen in online banking. Thus, as well as in online shopping. Hence, apart from online reservations. Obviously, this also includes the hotel industry in CA. The order processing system in Canada are also best used. That is, for the effectiveness of the client. Thus, as client management is nicely dealt with. Obviously, because of the efficiency levels of the order processing systems.
All these TPS or transaction processing shows the effectiveness of operation handling which is fast & secure. Apart from this, holds the highest integrity. They have an assurance in payments processing which is close to 100% secure & safe in terms of transaction handling.
