Transaction Processing System

Satisfactory Essays
Chapter 1: Introduction

1.1: Introduction to Company:

Transaction Processing Systems (TPS) is a software, systems, and consulting firm specializing in e-banking and e-payment products, solutions, and services. TPS is e-banking and e-payments solution experts.

IT solutions have become increasingly complex and expensive. Too often, businesses end up working to support their IT, instead of the other way around.

TPS has thrived by observing a single mandate:

“Take care of our client's e-banking needs, so they can focus on their client's needs.”

TPS specializes in solutions related to electronic payments, transaction switching and online remote banking services. TPS carries diversified and complimentary products in its portfolio to address complete payment processing requirements of financial and non-financial sectors.

TPS holds multi-dimensional expertise that covers not only switching knowledge and expertise but also business domain knowledge related to self service banking, knowledge of multi-vendor ATMs and their applications, communication and networking knowledge, systems integration expertise and project management expertise related to deployment of complex switching environments.

TPS is driving the largest ATM-Network in Pakistan. Being creators of 1-Link (National Switch of Pakistan), they provide services to 28 leading banks of Pakistan, including Allied Bank Limited, Habib Bank Limited, ABN Amro Bank, Soneri Bank Limited, Bank Al-Habib Limited etc.

1.2 Introduction to Product and Services:

TPS house is a rich and diverse range of platform independent and multi-vendor e-banking solutions and services that offer competitive edge to its customers. TPS portfolio includes ATM controller, POS switch, transaction switching middleware, cash & cheque deposit suite, card personalization and management, EMV compliance, reconciliation, online fraud detection & monitoring and help desk agent based solutions.

TPS switching solutions are

You May Also Find These Documents Helpful

  • Good Essays

    Transaction Processing Systems Definition: A Transaction Processing System (TPS) is a type of information system that collects, stores, modifies and retrieves the data transactions of an enterprise. A transaction is any event that passes the ACID test in which data is generated or modified before storage in an information system Features of Transaction Processing Systems The success of commercial enterprises depends on the reliable processing of transactions to ensure that customer…

    • 757 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    CHAPTER 1 PROJECT IDENTIFICATION PROJECT CONTEXT Transactions are the routine day-to-day activities performed by most organizations. Some are commercial transactions (buying, selling products and services, paying bills etc.) others involve recording or retrieving data. Most individual transactions are relatively simple, but in most organizations, there are very large numbers, so speed and efficiency are important considerations. Transactions are a fundamental unit of activity in organizations…

    • 1652 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Transaction processing system Transaction processing is a style of computing that divides work into individual, indivisible operations, called transactions. A transaction processing system (TPS) or transaction server is a software system, or software/hardware combination, that supports transaction processing. • History One of the first transaction processing systems was American Airline SABRE system, which became operational in 1960. Designed to process up to 83,000 transactions a day, the system…

    • 2930 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    Transaction Processing Systems A transaction is an elementary activity conducted during business operations. Transaction processing systems (TPS) process the company's business transactions and thus support the operations of an enterprise. A TPS records a non-inquiry transaction itself, as well as all of its effects, in the database and produces documents relating to the transaction. TPS are necessary to conduct business in almost any organization today. TPSs bring data into the organizational…

    • 546 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Transaction Processing System of Aroroy Municipal Hospital A Capstone Project Submitted in Partial Fulfillment of the Requirements for the Degree of Bachelor of Science in Information Technology In the College of Engineering & Computer Studies Of Divine Word College of Legazpi Legazpi City By: Mary Grace D. Bohol DIVINE WORD COLLEGE OF LEGAZPI College of Engineering and Computer Studies Legazpi City RECOMMENDATION FOR PROPOSAL DEFENSE In partial fulfillment of the requirements…

    • 2272 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    a Conventional Data Processing (CDPS) There are three main features of a database management system that make it attractive to use a DBMS in preference to more conventional software. These features are centralized data management, data independence, and systems integration In a database system, the data is managed by the DBMS and all access to the data is through the DBMS providing a key to effective data processing. This contrasts with conventional data processing systems where each application…

    • 470 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Introduction Transactions are the routine day-to-day activities performed by most organisations. · some are commercial transactions (buying, selling products and services, paying bills etc) · others involve recording or retrieving data (making a booking, enrolling a student at university looking up results etc) Most individual transactions are relatively simple, but in most organisations, there are very large numbers of them - so speed and efficiency are important considerations. What is a TPS…

    • 1449 Words
    • 6 Pages
    Good Essays
  • Good Essays

    What is an OLTP System? Online Transaction Processing (OLTP) systems are one of the most common data processing systems in today's enterprises. Classical examples of OLTP systems are order entry, retail sales, and financial transaction systems. OLTP systems are primarily characterized through a specific data usage that is different from data warehousing environments, yet some of the characteristics, such as having large volumes of data and lifecycle-related data usage and importance, are identical…

    • 4966 Words
    • 20 Pages
    Good Essays
  • Good Essays

    About Transaction Processing System According Dan Matthews and Rick Veague that databases are the integration point where applications that are connected can communicate with each other. Now, Companies are investing for a new technology that eliminates or lessen errors and to gain advantage. This is the integration point that is necessary in building competence in management by investing in database technology to achieve lessen cost. ( Matthews D.& Veague R. (2007). Why Database-agnostic…

    • 734 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    While the good influence is that offices in many departments that use computerized system their works become easier and faster since it eliminates the paper works and the workload of the employees too. Now, a most efficient, flexible and reliable system has become a must for any institution and organization. In order to achieve the improvement of the system that the department uses, the need to understand the system within the office is very important. From this period; we are living in the era where…

    • 2507 Words
    • 11 Pages
    Powerful Essays