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Definition

Transaction processing systems (TPS)

Transaction processing systems is an information system that records company transactions.

This system records internal and external transactions. A TPS meets the needs of operational managers; the output of the TPS becomes the input to an MIS.

Steps in processing a transaction:

  1. Data entry
  2. Data validation
  3. Processing and revalidation
  4. Storage
  5. Output generation
  6. Query support

Transaction processing systems is the operational support system to record and process data from business transactions.

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