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TPS is a business software module which includes customer payment information.
What is TPS?
TPS or a transaction process system refers to an information processing system for business transactions. It involves the collection, modification and retrieval of all transaction data. The features of a TPS include performance, reliability and consistency.
SABRE, was the first transaction processing system made by IBM for American Airlines, which became operational in 1964. It was designed to process up to 83,000 transactions a day, the system ran on two IBM 7090 computers. This transaction processing system was migrated to IBM System or 360 computers in 1972. It became an IBM product first as an Airline Control Program and later as a Transaction Processing Facility.
TPS business software module is also called the transaction processing or real-time processing.
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