Transaction Processing SystemIntroduction to Transaction Processing System (TPS)The transaction processing system collects and stores transaction data. It also modifies stored data such as airline booking, business transactions, and accounting transactions. Two types of transaction processing system (TPS): Batch transaction processing Information is collected but not processed immediately. Otherwise, it is an efficient way of processing high volumes of data where a group of transactions are collected over a period of time. The data is collected, entered and processed, so you will only get the batch results. Each step is performed separately for input, process and output. The collected data is prepared for entry as a single unit, and the update occurs when scheduled or when there is sufficient data. Example: payroll, invoicing system, check clearing, credit card transactions, inventory control, overdue library books, accounting and hotel accounts. - Real-time ProcessingIt is a transaction processed immediately. Referred to as online transaction processing because data is typically entered into a workstation and connected in a topological formation to a network or more likely connected to a database. Furthermore, the data collected is verified immediately upon insertion. Real-time processing is important for immediate results. Example: library lending system, reservations (movie, airline), bank ATMs Components of a transaction system - User The source of the collected data. Information can be obtained by obtaining data from the user and the organization carrying out the transactions.- ParticipantsPersons responsible for conducting data and information processing.- People......medium of paper..... .vare information or they could purchase generators for backup electricity to keep the system running. - Too much consolidation in maintaining TPS because it requires a lot from a company. By owning the system, you need an organization to maintain it 24 hours a day, seven days a week to keep it running without any errors occurring. Flawless integration with other departments such as shipping, payroll, accounting and inventory to ensure the data provided is exactly correct. Conclusion Transaction processing system is a must in every large organization to track every transaction made. Every transaction you make is atomic, meaning that related accounts, shipments, or accounting issues must be the same so that data loss does not occur. Even incorrect data entries are detected earlier thanks to the well-integrated database-related system