The phrases "point of sale" and "transaction processing system" represent two different, yet closely related concepts having to do with the sales function. Each term represents a distinct and vital ...

Discover how national payment systems facilitate secure financial transactions with efficient clearing and settlement, ...

Yin and yang, life and death, Clark Kent and Superman. Some concepts are so intertwined that it’s impossible to imagine one without the other. Transaction processing (TP) and relational databases ...

Explore how Base I, the first real-time credit card authorization system, revolutionized transactions and paved the way for modern electronic payments.

Companies record every transaction in their accounting books based on the double-entry system. Because every transaction involves certain kinds of monetary exchanges between at least two business ...

On July 17, IBM launched the IBM Z to extend the company’s influence in the financial cybersecurity market. The new mainframe system, which can run more than 12 billion encrypted transactions each day ...

Database systems are the backbone of contemporary data-driven applications, underpinning industries ranging from finance to scientific research. As data volumes surge and complexity increases, robust ...

We need to accelerate TMS roadmaps and increase the agility of the big investments we’ve made in these systems As the backbone of Anti-Money Laundering (AML) deployments for more than 15 years now, ...

Smart Transaction Systems Inc., a Boulder-based company that provides gift-card and customer loyalty programs for retailers, has integrated its offerings with major shopping-cart providers Shopify and ...