Transaction process is a term that refers to the adding, changing, deleting, or looking up of a record in a data file or database by entering the data at a terminal or workstation. Most transaction ...

Discover how batch credit card processing can save costs with grouped transactions. Learn how it works, key benefits, and considerations for your business.

In the operational level of an organization, transaction processing systems (TPS) are the basic business systems. You can think of order entry systems for sales, hotel reservation systems, payroll, ...

When it comes to determining the cost of your accounts payable processing, don’t forget to factor in the time your staff spends processing invoices — time they could be spent working on other things ...

Here’s a question for finance leaders: Is transaction processing a key element of finance transformation? If I think back to the hundreds if not thousands of conversations I have had on the subject of ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Credit card fraud continues to plague consumers around the ...

Paysafe is a credit card processor offering a wide range of payment options, including online cash payments, direct debit and digital wallets. Its per-transaction fees are some of the lowest available ...

Updating the appropriate databases as soon as an order, payment or other transaction is made. Transaction processing enables anyone in the organization to obtain an account balance, inventory balance ...

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 ...