A transaction process system (TPS) is an information processing system for business transactions involving the collection, modification and retrieval of all transaction data.
A Transaction Processing System is a set of information which processes the data transaction in database system that monitors transaction programs. 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

Characteristics of a TPS include performance, reliability and consistency.
The system is useful when something is sold over the internet. It allows for a time delay between when an item is being sold to when it is actually sold.

A transaction processing system, or TPS, is a system to capture and process the detailed information necessary to update data on the fundamental operations of an organization. TPS is also known as transaction processing or real-time processing. An example is that of a sporting event ticket. Definition: A Transaction Processing System (TPS) is a type of information system that collects, stores, modifies and retrieves the data transactions of an enterprise.


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