The RBA said seeking a new system is part of ongoing plans to migrate domestic payments messages to International Organization for Standardization (ISO) 20022 standard.

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 ...

Today the Transaction Processing Performance Council (TPC) announced the immediate availability of TPCx-IoT, the industry’s first benchmark which enab ...

Today, government agencies have few options that allow them to seamlessly process payments. One industry leader is hoping to change that — one transaction at a time. Here’s how. In December 2021, the ...

Until recently, only certain companies, such as high-frequency trading firms or digitally native companies like Facebook and Google, built their business models around extreme transaction ...

Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction ...

A while back, Yahoo quietly made the code to Omid, an open source transaction processing system for the Apache HBase Hadoop big data store, available on GitHub. This is the same software the ...

Successful organizations large and small leverage available technologies to manage business activities and assist in making decisions. They use information systems to collect data and process it ...