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 ...

Transaction process is a term that refers to the adding, changing, deleting, or looking up of a record in a data file or database by entering the data at a terminal or workstation. Most transaction ...

Today, government agencies have few options that allow them to seamlessly process payments. One industry leader is hoping to change that — one transaction at a time. Here’s how. In December 2021, the ...

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 ...

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 ...

Explore how Base I, the first real-time credit card authorization system, revolutionized transactions and paved the way for modern electronic payments.

Payments are the financial instruments that people and corporate globally use to transfer funds. This helps corporate to mange Cash, DPO and DSO effectively and efficiently. Payments in itself are a ...

A credit card authorization key is a secure code used to process transactions, confirming purchases and preventing fraud between POS systems and banks.

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 ...