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Assessment Task on Transaction Processing Systems

User Description:
This assessment task deals with the analysis of transaction processing systems (TPS), in particular point-of-sale systems (POS) and EFTPOS.

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14 Pages Essays / Projects 1-2 Years old
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Assessment Task on Transaction Processing Systems
Topics this document covers:
Money Economy Finance Payment systems E-commerce Merchant services Debit cards Retailing EFTPOS Payment terminal Point of sale Transaction processing system
This is an Essay / Project

Essays / Projects are typically greater than 5 pages in length and are assessments that have been previously submitted by a student for academic grading.

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Topics this document covers:
Money Economy Finance Payment systems E-commerce Merchant services Debit cards Retailing EFTPOS Payment terminal Point of sale Transaction processing system
Sample Text:
A transaction is a unit of work composed of a sequence of events. All actions performed by all events must succeed for the transaction to be committed permanently. If any single event within a transaction fails, then all events within the transaction are aborted or rolled back. Commonly each event within a transaction alters data within a database. In essence a transaction may be described as a series of events important to an organisation that involve: ➢ A request ➢ An acknowledgement ➢ An action ➢ An outcome. The use of such transactions are associated with transaction processing systems (TPS). These systems are crucial to the operation of most finance, banking and electronic commerce or...
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