{"id":1239,"date":"2013-02-15T15:57:30","date_gmt":"2013-02-15T15:57:30","guid":{"rendered":"https:\/\/www.techopedia.com\/definition\/transaction-processing\/"},"modified":"2017-01-04T17:39:50","modified_gmt":"2017-01-04T17:39:50","slug":"transaction-processing","status":"publish","type":"definition","link":"https:\/\/www.techopedia.com\/definition\/464\/transaction-processing","title":{"rendered":"Transaction Processing"},"content":{"rendered":"<h2><span id=\"what_does_transaction_processing_mean\">What Does Transaction Processing Mean?<\/span><\/h2>\n<p>Transaction processing is the process of completing a task and\/or user\/program request either instantly or at runtime. It is the collection of different interrelated tasks and processes that must work in sync to finish an overall business process transaction.\n<\/p>\n<h2><span id=\"techopedia_explains_transaction_processing\">Techopedia Explains Transaction Processing<\/span><\/h2>\n<p>Transaction processing relates to any real-time business transaction or process performed by a transaction processing system (TPS) or other business information system (BIS). The process occurs when a user requests completion or fulfillment of any process. Once a a TPS or related system receives a request, it coordinates with the respective system for authorization, data requests or any specific task essential to a complete transaction.\n<\/p>\n<p>For example, when a cash withdrawal request is made at an ATM machine, the machine first authorizes the user credentials and balance inquiry\/status from the back end banking systems. Once the information is received, the ATM machine processes the user request or overall transaction. Moreover, a TPS can accept, reject or halt a transaction based on environmental variables.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What Does Transaction Processing Mean? Transaction processing is the process of completing a task and\/or user\/program request either instantly or at runtime. It is the collection of different interrelated tasks and processes that must work in sync to finish an overall business process transaction. Techopedia Explains Transaction Processing Transaction processing relates to any real-time business [&hellip;]<\/p>\n","protected":false},"author":7813,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","om_disable_all_campaigns":false,"footnotes":""},"definitioncat":[239,228],"class_list":["post-1239","definition","type-definition","status-publish","format-standard","hentry","definitioncat-productivity-software","definitioncat-risk-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v24.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Transaction Processing? - Definition from Techopedia<\/title>\n<meta name=\"description\" content=\"This definition explains the meaning of Transaction Processing and why it matters.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transaction Processing\" \/>\n<meta property=\"og:description\" content=\"This definition explains the meaning of Transaction Processing and why it matters.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.techopedia.com\/definition\/464\/transaction-processing\" \/>\n<meta property=\"og:site_name\" content=\"Techopedia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/techopedia\/\" \/>\n<meta property=\"article:modified_time\" content=\"2017-01-04T17:39:50+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@techopedia\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.techopedia.com\/definition\/464\/transaction-processing#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.techopedia.com\/definition\/464\/transaction-processing\"},\"author\":{\"name\":\"Margaret Rouse\",\"@id\":\"https:\/\/www.techopedia.com\/#\/schema\/person\/f5dd538e31ee352d105b8af36c4268a5\"},\"headline\":\"Transaction Processing\",\"datePublished\":\"2013-02-15T15:57:30+00:00\",\"dateModified\":\"2017-01-04T17:39:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.techopedia.com\/definition\/464\/transaction-processing\"},\"wordCount\":176,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.techopedia.com\/#organization\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.techopedia.com\/definition\/464\/transaction-processing#respond\"]}],\"articleSection\":\"\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.techopedia.com\/definition\/464\/transaction-processing\",\"url\":\"https:\/\/www.techopedia.com\/definition\/464\/transaction-processing\",\"name\":\"What is Transaction Processing? 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