real-time transaction processing
- The processing of transactions the instant each is received by, or entered into, a computer system. online transaction processing not only maintains all master files constantly current, it also enables entering or retrieving information without delays in either process. Used, for instance in businesses which have multiple locations which accept Internet, telephone, fax, postal, and point of sale orders. Also spelled realtime transaction processing. Also called real-time processing (2), transaction processing, or online transaction processing.