TPS stands for Transaction Processing System. A transaction process system (TPS) is an information processing system for business transactions that collects, modifies, and retrieves all of the data associated with the transaction. It is software that maintains track of transactions by processing the data in an online recording system and storing the results. TPS stands for Transaction Processing System. The Transaction Processing System (TPS) manages the business transactions of the client and therefore helps a company's operations. The performance, dependability, and consistency of a TPS are all important characteristics. Transaction processing (sometimes known as real-time processing) is another term for TPS.

Types of Transaction Processing Systems :

There are two types of Transaction Processing Systems –

* Batch processing
* Real-time Processing
Features of Transaction Processing System :

A good transaction processing system must have a number of features in order to be effective. A couple of these key features are discussed in greater detail below -

* Performance
* Continuous availability
* Data integrity
* Ease of use
* Modular growth
* Controlled processing