A collection of transaction records. The data in transaction files is used to update the master files, which contain the data about the subjects of the organization (customers, employees, vendors, etc ...

Discover how batch credit card processing can save costs with grouped transactions. Learn how it works, key benefits, and considerations for your business.

Bolstered by its recent acquisition of Carreker Corp., CheckFree Corp. is working on a product that will allow banks to view and manage both check and automated clearing house data in one integrated ...

Here’s a question for finance leaders: Is transaction processing a key element of finance transformation? If I think back to the hundreds if not thousands of conversations I have had on the subject of ...

(1) Processing a group of files or databases from start to completion rather than having the user open, edit and save each of them one at a time. For example, a graphics conversion utility can change ...

Yin and yang, life and death, Clark Kent and Superman. Some concepts are so intertwined that it’s impossible to imagine one without the other. Transaction processing (TP) and relational databases ...

The phrases "point of sale" and "transaction processing system" represent two different, yet closely related concepts having to do with the sales function. Each term represents a distinct and vital ...

Until recently, only certain companies, such as high-frequency trading firms or digitally native companies like Facebook and Google, built their business models around extreme transaction ...

Betsy began her career in international finance and it has since grown into a comprehensive approach to journalism as she's been able to tap into that experience along with her time spent in academia ...