What does transaction processing actually mean? Find out inside PCMag's comprehensive tech and computer-related encyclopedia.

Essentially, business transactions are processed by transaction processing systems, which are made up of both hardware and software running a transaction-oriented application that can conduct routine ...

See data warehouse, transaction processing and information system. Following are the kinds of fields that make up a typical transaction record in a business information system.

The Reserve Bank wants to be able to manage transactions for settlement in various domestic payment streams such as the New Payments Platform.