The advantage is that usually transaction processing is really fast, it takes up usually a few seconds, however, if there a lot of files in queue, the time taken to process data might take a long time. Another advantage is that it makes the process of boking more fair as files are processed in order in which they had been queued. (e.g. ticket booking) The disadvatages is that there is a chance of double booking. Also, transaction processing systems need to use direct acess files, serial acess media such as magnetic tape cannot be used.
disadvantages of transaction processing system
4 types of transaction processing system
transaction processing system
A transaction processing system is a system that divides work into individual transactions. Types of processing include batch processing, time sharing, real time processing, and transaction processing.
Transaction processing system are operational level systems at the bottom of the pyramid.
transaction processing system are computerized system that perform and record the daily routine transaction necessary to conduct business
improved transaction speed and accuracy
Transaction processing systems date through the early 1970`s
How can a transaction processing system help an organization's management information system and decision support system?
Payment gateways are used for transaction processing system. Examples are PayU, Emvantage, CCAvenue, PayPal, Ebs etc.
transaction processing, refers to a class of systems that facilitate and manage transaction-oriented applications, typically for data entry and retrieval
A Transaction Processing System is a computer software system that allows an individual or business to process transactions. One can take payments for tickets or items this way.