Financial Transaction Processing ( Transaction Processing (Finance)) Definition

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Jul 4, 2008

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Financial Transaction Processing

-- 10 Vendor Reports | 8 Products

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 database transactions. The benchmarks defined by the TPC measure performance on the basis of the speed and reliability with which transactions are carried out. Speed …
Definition continues below.

Recent Vendor Reports on Financial Transaction Processing
Fiserv Reinsurance Solutions -- Ceded and Assumed Reinsurance Management sponsored by Fiserv Insurance Solutions SOFTWARE LISTING: Posted: 25 Apr 2008 \| Published: 01 Jan 2007 SUMMARY: Fiserv delivers the most comprehensive and scalable reinsurance solutions available. Whether you're an insurance carrier or reinsurer, your business is ceded or assumed, you have a low transaction volume or more than a million transactions ... TOPICS: Financial Transaction Processing \| Insurance Industry \| Regulatory Compliance

Get Ready for Markets in Financial Instruments Directive (MiFID): Implications of Level 2 sponsored by ILOG, Inc. WHITE PAPER: Posted: 10 Apr 2008 \| Published: 01 Oct 2007 SUMMARY: This white paper details the benefits associated with Business Rule Management Systems (BRMS) and highlights the business and technological impact of the Markets in Financial Instruments Directive (MiFID). TOPICS: Business Process Management \| Business Process Management Software \| Financial Services \| Financial Services Industry \| Financial Transaction Processing \| Interoperability \| Outsourcing \| Portfolio Management (IT Management) \| Regulatory Compliance

Passing the PCI Audit: Best Practices for Securing Payment Card Data in SAP sponsored by Princeton Payment Solutions WHITE PAPER: Posted: 10 Apr 2008 \| Published: 01 Mar 2008 SUMMARY: Payment card theft worldwide is prevalent, expensive, and growing. This white paper addresses three detailed encryption solutions to help companies secure SAP data and are serious about passing PCI audits. TOPICS: Access Control \| Anti-Virus Protection \| Compliance Audits \| Compliance Best Practices \| Compliance Software \| Credit Cards \| Data Security \| Encryption Standards \| Financial Applications Software \| Financial Transaction Processing \| Online Payments \| Payment Card Industry \| Payment Card Industry Data Security Standard \| Payment Card Industry Data Security Standard Compliance \| Payment Processing \| Risk Assessment \| Risk Management \| SAP (Product) \| Security Audits

Sarbanes-Oxley Controls Monitoring sponsored by Oversight Technologies PRODUCT LITERATURE: Posted: 13 May 2004 \| Published: 13 May 2004 SUMMARY:The Sarbanes-Oxley Act of 2002 raises the bar for corporate governance with specific requirements to document internal controls, monitor the effectiveness of controls, disclose all deficiencies in controls and report employee fraud. TOPICS: Financial Systems \| Financial Transaction Processing \| Network Monitoring \| Policy-Based Network Management \| Sarbanes-Oxley Compliance

Continuous Transaction Incident Monitoring Overview sponsored by Oversight Technologies PRODUCT OVERVIEW: Posted: 13 May 2004 \| Published: 13 May 2004 SUMMARY:Oversight provides enterprises with independent, real-time insights into the operational realities of corporate policies and procedures across multiple business systems. TOPICS: Financial Systems \| Financial Transaction Processing \| Network Monitoring \| Policy-Based Network Management

Continuous Transaction Incident Monitoring Technical Overview sponsored by Oversight Technologies PRODUCT LITERATURE: Posted: 13 May 2004 \| Published: 13 May 2004 SUMMARY:Oversight™ combines the functions and technologies of audit, forensics and information security professionals to provide Continuous Transaction Incident Monitoring. TOPICS: Financial Systems \| Financial Transaction Processing \| Network Monitoring \| Policy-Based Network Management

ClearCommerce Payment: Payment Data Sheet sponsored by ClearCommerce Corporation DATA SHEET: Posted: 15 Apr 2004 \| Published: 01 Jan 2003 SUMMARY:ClearCommerce offers the industry’s leading payment processing software for high-volume enterprises and service providers that require robust, highly reliable, and secure online financial transaction processing. TOPICS: eCommerce Software \| Financial Transaction Processing \| OLTP \| Online Payments \| Payment Processing

Risk Management Solutions sponsored by ClearCommerce Corporation PRODUCT OVERVIEW: Posted: 15 Apr 2004 \| Published: 01 Jan 2004 SUMMARY:ClearCommerce® Risk Management is the most effective solution available to protect against the threat of fraud attacks, increase revenue, and improve the profitability of card-not-present sales channels. TOPICS: eCommerce Software \| Financial Transaction Processing \| Fraud Protection \| Online Payments \| Payment Processing

ClearCommerce Risk Management: Risk Management Data Sheet sponsored by ClearCommerce Corporation DATA SHEET: Posted: 15 Apr 2004 \| Published: 01 Jan 2004 SUMMARY:ClearCommerce Risk Management is the most effective solution available to protect against the threat of fraud attacks, increase revenue, and improve the profitability of card-not-present sales channels. TOPICS: eCommerce Software \| Financial Transaction Processing \| Fraud Protection \| Online Payments \| Payment Processing

Payment Software sponsored by ClearCommerce Corporation PRODUCT OVERVIEW: Posted: 15 Apr 2004 \| Published: 01 Jan 2002 SUMMARY:ClearCommerce Payment is the industry's leading payment processing software for high-volume and growing enterprises and service providers that require robust, highly reliable, and scalable transaction processing solutions. TOPICS: eCommerce Software \| Financial Transaction Processing \| OLTP \| Online Payments \| Payment Processing

FINANCIAL TRANSACTION PROCESSING DEFINITION (continued): … 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 or determining when it will be, entering the order information into the system, confirming that the order has been placed and estimating the time of shipment. Order confirmation is typically sent back …
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