Online Transaction Processing System

Internet banking refers to an online facility which provides an alternative channel for delivering banking or financial services and enables individuals to access their accounts anytime and anywhere through a bank’s web site (Z. Liao, Z., and M. T. Cheung, 2012). In other words, online banking named as E-banking, internet banking or virtual banking. Generally, the operation of online banking is connect to the core banking system designed by bank and then contrast to branch banking which refer to traditional way of bank customers accessed to banking services. Nowadays, internet banking is one of the most important businesses in electronic business around the world (Ariff et al, 2012). Most of the conventional banks have to operate and provide the online banking service to their customers as needs by

First, the transactional support system encompasses all of the information contained within a single business process or unit of work, and its primary purpose is to support the performing of daily operational or structured decisions. Some examples of transactional information are when customers purchase stocks, make an airline reservation, or withdraw cash from an A.T.M. (Baltzan, 54). A customer of Actionly could use

* Transaction Processing Systems (TPS): It is a type of information system. TPSs collect, store, modify, and retrieve the transactions of an organization. A transaction is an event that generates or modifies data that is eventually stored in an information system. To be considered a transaction processing system the computer must pass the ACID test. The essence of a transaction program is that it manages data that must be left in a consistent state (Wikipedia.com).

As technology advances over the years, we have experienced and noticed that the trend in how payment are received have shift tremendously. Twenty years ago, check was the preferred way of payment. In today’s world, more and more payments are done by credit cards. Credit card transactions are instance that provides a faster payment method.

The introduction of online transaction processing and real-time customer information will speed up the billing process

Transaction processing systems (TPS) are computerized systems that businesses use to manage their daily activities and transactions of the organization, such as sales, hotel reservation, payroll, and employee record keeping, etc. The basic truth purpose of systems helps to answer the commonly and regularly questions, and rack customers? information through the organization. In addition, managers use TPS as a main purpose to watch the status of internal operations and the relationship with external

In class we have learned about various business information systems that aid in organizations experiencing more time and cost efficient solutions to internal and external challenges. At Shoppers Drug Mart, multiple business information systems are utilised to maximize profit and productivity. A transaction processing system is used at the point of sale to maintain a record of every transaction, including refunds and voids. The system records if the transaction was paid for in cash, debit, credit, or a gift card and possesses other features as

Enterprise computing system Transaction processing system A single software with database management functions is used throughout the organization Uses the business’s day-to-day operations to process data Increased efficiency, cost reduction and helps with decision making TP systems are efficient because the process a set of transaction-related commands as a group rather than individually Works at the organizational level Works at the organizational

For the reasons of this report, the ecommerce base comprises of the processing assets (i.e., servers, stockpiling, system and capacity switches, firewalls, physical racks containing these, and related programming) that process, transmit, or store installment card information, or can straightforwardly get to such assets. Servers that are a piece of the ecommerce foundation and any frameworks that can generally specifically get to processing assets that contain installment cardholder information must be enlisted as directed machines.

In an increasingly competitive global landscape, there is no denying the importance of relational databases to organizations these days. They are a great tool for controlling, analyzing, recording, storing and monitoring processes and transactions throughout all functional aspects of the organization. While the benefits provided by relational databases are instrumental to the overall operation of an organization, traditional databases still have their limitations. This is where SAP HANA comes in. SAP HANA is probably best described as new form of database that operates as an in-memory data platform that is capable of processing large amounts of data in real-time. With its capability to simultaneously handle both transaction processing

The data warehousing system will also allow the company to use a data model and server technology that speeds up querying and reporting. This is because these will not be included in the data processing time thus allowing the company to use a modeling technique that does not slow down or complicate the transaction processing system. The data warehouse will also allow the company to use a bit-mapped indexing system as their server technology in order to speed up query and report processing. Technologies for transaction recovery will also be employed to speed up transaction

E-commerce is transactions conducted via electronic means such as the internet, email and SMS. It is considered to be one of the most important aspects of the internet to appear. As a result, people are able to exchange goods and services immediately regardless of their geographic location and time. More and more businesses conduct transactions on line, with some trading purely on-line thus reducing overheads and administrative costs.

Many organizations industriously look for the opportunity to gain the competitive advantages in their industries. One of the opportunities that frequently used by the organization is the implementation of e-commerce. Thus, the e-commerce and the online sale transaction become popular in each industry. E-commerce provides many benefits, such as the saving of shopping time, the cost savings, convenience, and free from geographical constraints.

Transactional websites also known as e-commerce (abbreviation for electronic commerce) are websites that are used for online trade between two parties (the buyer and the seller). Transactional website is a type of industry where buying and selling is carried through the internet. With the significant growth of the internet nowadays, transactional websites are also growing to the point that some businesses open solely on the internet as transactional websites. The trading process happens through credit cards like Visa, PayPal, and MasterCard etc.

Online payment processing solutions allow customers to make item purchases with only a few simple clicks of the mouse. An online payment processing solution can make purchases so easy even those who aren 't skilled with computers can easily make online purchases quickly and easily. Making it easy for anyone to enjoy making purchases over the internet.