What Is Transaction Process System (TPS)?

A TPS, or transaction process system, is an information processing system for business transactions involving collecting, modifying and retrieving all transaction data. What does that mean? It means that this thing is a huge deal. TPSs are responsible for keeping track of everything from customer information to employee data to inventory levels. They're also used in electronic commerce systems, meaning that when you buy something online, it's being handled by one of these things. The best part? You don't have to know anything about them—they make your life easier! TPSs can be on-premises or cloud-based, and various TPS software solutions are available. TPSs are essential to any business, and choosing the proper TPS for your company is crucial for success. TPSs are used for various tasks, from inventory management to customer service. They collect, store, and analyze data, generating reports and metrics that help you make informed decisions. TPSs can be either on-prem ases or cloud-based. On-premises Cloud-based TPSs are accessible over the internet. Choosing between on-premises and cloud-based TPSs depends on your company's needs. Cloud-based TPSs are more flexible and affordable, but on-premises TPSs offer greater security. You're probably familiar with the term "batch processing" from your computer science classes. And you've probably heard of "transaction processing," too. We all know that computers are fast, but they're not instantaneous. It takes a few milliseconds for our laptops to process the command we just entered, even if they're brand new! So while we might be able to get a lot done at once, there's still a delay between when we enter an instruction and when it's carried out. With batch processing, there's no such delay—but there is also no interactivity between the user and the computer. Batch processing means many requests are executed simultaneously, without user involvement, except for configuring and initiating the process in advance. When this happens, users don't have any idea how long it will take for their request to get processed or whether anything went wrong until after everything has been done! While this might be helpful in some instances (like if you need a bunch of calculations done all at once), in most cases, it just means that users have no idea what's going on until everything has finished.

By TechDogs Editorial Team

Related Terms by Financial Technology

Frequency Hopping - Code Division Multiple Access (FH-CDMA)

Frequency hopping is one of the oldest tricks in the book. It's basically how you get away with stealing someone else's lunch money while they're distracted by a game of kickball. Frequency hopping happens when you change the radio frequency of your signal so quickly that it's impossible for anyone to tell where you really are or what you're saying. In other words, it's like changing the channel on a TV set so fast that no one can tell where it is—or even if it's still on! It's a great way to hide from bullies, but it also works well for hiding from law enforcement agencies and other people who might not want you around—like cops or your parents when they're trying to find out where you are after curfew. When it comes to FH-CDMA, there's one thing that's for sure: it's not just for people who like to hop around. As when you're using FH-CDMA, you're hopping around—and your signal is hopping right along with you! That's because the FH-CDMA technique uses a specific algorithm to switch between all available frequencies based on a preplanned or random schedule. The receiver stays tuned to precisely the same center frequency as the transmitter (because they're in sync). FH-CDMA is like a little kid in a big pool. It's small, but it can swim pretty well. DS-CDMA is like an adult in the same collection—it's bigger and slower, but it knows how to float on its back and read a book while still staying dry. FH-CDMA is the best for people who want to use their devices without worrying about getting wet; DS-CDMA is better for those who want to keep their heads above water and see what's going on around them.

Frost

Your life is about to take a turn for the better. Frost is an anonymous file-sharing application allowing you to download and share files with other users—all free. You can access music and videos or get your hands on documents you need for work. We all know that when it comes to downloading, the less you have to pay, the better—but Frost goes even further! Not only is it unrestricted, but it's also open-source and written in Python. That means anyone can use it to create their version of Frost without paying fees or royalties. Frost is a well-known Freenet newsgroup and file-sharing system. Designed by Ian Clarke, Freenet is a distributed decentralized data store resistant to censorship. Frost was created in response to the growing trend in censorship of newsgroups and file-sharing systems. The idea was to make a system that could not be censored without shutting down the entire internet. Freenet works by storing data in multiple places across the network (it will keep it on your computer if you want it to, but it doesn't have to). This means that if one part of the network is shut down, all other parts will still be available, making it hard for governments or companies to get rid of information they don't like without taking down the whole thing at once. If you've been using Freenet for a while, you may have noticed that the Frost product is no longer associated with Freenet. It's now a standalone service, relying on donations to compensate developer contributions. Their website says this move was made to "ensure the long-term sustainability of Frost." The Frost team has been working on making it easier for users to donate money and support the project, but they need help to buy something through their site. If you want to join the community of people using Frost today, download it now! It's easy as pie (and delicious).

Free Space Optics

How is optics different from light? Optics is a type of light, meaning it's not a thing but a way of looking at the world. Light can be seen as energy and can be used to send information via "optical communication." What does optical communication mean? Visual communication is using light to send data from one point to another. This form of communication is often used when fiber optic cables are too expensive or difficult to install. How does it work? Optical communication uses light to send information via "free space optics," which means the light travels through the air rather than a cable. These lasers produce optical signals that any device can receive with an optical port, similar to how a computer gets a wireless call. These small beams of light can carry up to 10 Gbps of data, which is over 100 times faster than the standard DSL or cable modem service; the low-powered lasers also make this a safe technology. Since the light is not a high-powered, heavily focused laser beam like in many other laser-driven technologies, it is not dangerous to human eyes. Since the light is not a high-powered, heavily focused laser beam like in many other laser-driven technologies, it is not hazardous to human eyes. Free space optics (FSO) is one of the most exciting technologies. It's also one of the most versatile, as you Can use it in applications ranging from military communications to commercial data transmission. With its unique combination of high bit rate, low bit error rates, license-free long-range operations and immunity to electromagnetic interference, FSO has a lot going for it. The most crucial advantage of free-space optics is that it lets you get close to any object you want.

Trending Definitions

Dvorak Keyboard

The Dvorak keyboard layout is designed to be comfortable for extended use. Compared to the QWERTY keyboard layout, it is intended to improve the user's ability to type quickly. The Dvorak keyboard was patented in 1936 by Dr. August Dvorak and William Dealey, Dr. August Dvorak's brother-in-law. Since then, several adjustments have been made to the layout of the keyboards to make it better. It is still not as popular as the QWERTY keyboard, but many swear by it, and they are right! The Dvorak keyboard is comparable to a mythical unicorn in appearance. Compared to the QWERTY layout, the AZERTY keyboard, which has been around since 1936, features a more ergonomic design and is intended to boost typing speed. Even though it has gone through certain transformations since then, it retains its enchanted quality. The QWERTY keyboard is the most common type. However, this alternative layout has the keys spread out over two rows. This makes it much simpler to maintain a comfortable distance between your hands while you type, relieving stress on your shoulders and wrists. Also, some letters are located adjacent to each other on both keyboards; however, they are arranged differently on each one so that they can be touched by various fingers at varying periods during a single series of keystrokes rather than all at once as with the QWERTY layout (e.g., "Z" is under the index finger on QWERTY but under the middle finger on Dvorak). The Dvorak keyboard is intended to simplify typing by reducing the number of keystrokes required and the number of finger motions needed. In the 1920s, August Dvorak examined hand physiology and the most common letters. After that, he devised a configuration for the keyboard that would reduce the distance that fingers traveled, making typing quicker. The QWERTY keyboard layout, which was established in the 1870s, presented several challenges, leading to the deliberate development of the Dvorak layout. The QWERTY keyboard layout was developed for typewriters, which would become mechanically unusable if too many keys were hit at the same time. The most regularly used keys were subsequently positioned on the opposite sides of the keyboard, which made them more difficult to access with just one hand.

Ultra Large-Scale Integration (ULSI)

Microtransistors Band Together at #ULSI Consider the computer to be a bustling metropolis. Now picture those little workers (transistors) who never stop working to manage all the city's activities. That's precisely the goal of ULSI or Ultra Large-Scale Integration. "ultra-large-scale integration" (ULSI) refers to fitting millions or even billions of transistors onto a single microchip. It's the same as if a pinhead-sized silicon chip powered an entire metropolis. Imagine the possibility and power! In the past, individual circuits might require transistors the size of a fingernail. However, as engineering progressed, they shrank to the point where a single one could be housed on a microchip. Furthermore, computer processing capacity increased in direct proportion to the number of transistors that could be crammed onto a single integrated circuit. To solve this problem, ULSI is used. Microchips with enormous computational power can be made by cramming an extremely high number of transistors onto a single silicon substrate. Therefore, we can now execute more difficult activities rapidly and effectively. ULSI has been a game-changer for the IT sector, enabling the development of cutting-edge gadgets such as smartphones, tablets, and supercomputers. Incredibly, the processing capability of a room-sized computer from the 1970s can now fit in the palm of our hand. However, ULSI is about more than just miniaturizing and supercharging our gadgets. One of the goals is to increase their productivity. There is a direct correlation between the number of chips in a device and its power consumption; consolidating functions onto a single chip containing millions of transistors may significantly cut down on the number of chips required. Battery life is increased, energy costs are decreased, and the future is more environmentally friendly. Okay, we're done here. ULSI is the technological equivalent of a superhero because it enables us to cram astonishing amounts of processing power into incredibly compact devices. When you pick up your phone or turn on your computer the next time, remember that the power is coming from a miniature metropolis of transistors. Tags: #ULSI #Transistors #Microchips #ComputingPower #Efficiency #Sustainability