ALSO CALLED: Transaction Processing (Finance) DEFINITION: The Transaction Processing Performance Council (TPC) is a worldwide consortium that establishes standards intended to promote the fast, efficient and reliable execution of e-commerce and databasetransactions. The benchmarks defined by the TPC measure
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FINANCIAL TRANSACTION PROCESSING DEFINITION (continued): … performance on the basis of the speed and reliability with which transactions are carried out. Speed can be measured in terms of the number of transactions per second or minute; reliability can be expressed as a percentage.
A typical transaction is an order for merchandise placed by a customer using a Web browser and entered into a corporate database by means of the Internet. The order transaction involves checking an inventory list, verifying that the item is in stock … Financial Transaction Processing definition sponsored by SearchSOA.com, powered by WhatIs.com an online computer dictionary
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