Transaction processing system is7/6/2023 ![]() Users need to have a high internet connection to use the TPS. ![]() Sometimes there occurs a high number of transactions on the TPS so it slows down the system or it stops working. Sometimes your software and hardware have compatibility problems. ![]() Also, you need to buy computers, cameras and price detecting devices. You have to buy a license for TPS software. Transaction processing systems also attempt to provide predictable response times to requests, although this is not as critical as real-time systems. Disadvantages of transaction processing system (TPS) A Transaction Processing System (TPS) is an information system that collects, stores, modifies, and retrieves the data transactions of an enterprise. Staff can easily use the TPS software and there is little or no training required to use the TPS software. The system also self-solves issues and errors are detected and removed by the system easily. If some data is lost in the transaction, then it can be retrieved by the TPS. Also, customers can do transactions online from anywhere. You can use it in organizations, stores, banks, schools etc. There are thousands of transactions done by the TPS on daily basis. The real-time transaction is also a type of TPS in which no delay in time occurs.Īs most of the work is carried out by TPS so less staff is needed to be hired. The transactions are carried out in fast time and there is no delay. Also, customers get more trust and satisfaction in the company. Advantages of transaction processing system (TPS)īy using TPS, the staff of the company increases their productivity. You can use a credit/debit card to make any transaction on the online store.Īs you have now little understanding of TPS so let’s discuss some pros and cons of TPS. You can also buy things online from any website or online store and that online store also uses online TPS for managing its products. ![]() The person who comes first in TPS gets their seat first. All the transactions are carried out in real-time. No ticket or seat is reserved by multiple people. Examples of TP applications are payroll, inventory, order processing, reservations, account processing in banks, and stock trading 3. You buy a ticket through online TPS where only one person buys a ticket at a given time. Another example of TPS is online buying of railway or bus tickets. ![]()
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