transaction

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Dictionary

transaction

An activity or request. Orders, purchases, changes, additions and deletions are typical business transactions stored in the computer. Transactions update one or more master files and serve as...

Dictionary

Definition: transaction

An activity or request. Orders, purchases, changes, additions and deletions are typical business transactions stored in the computer. Transactions update one or more master files and serve as both an audit trail and history for future analyses. Ad hoc queries are a type of transaction as well, but are usually just acted upon and not saved. Transaction volume is a major factor in figuring computer system size and speed.

Keeping Transactions in Sync
A major problem in a transaction processing system is ensuring that all master files are updated before the transaction is considered completely processed. For example, if two files must be updated, but a system failure occurs after the first one, but before the second one, the software must be able to roll back the first update and start over later. In a distributed environment, this is called "two-phase commit." See transaction file.



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  • Conferencing service integrates PayPal transactions

    Feature allows SMBs to collect fees for online events as part of the registration process.

    Blog posts | September 16, 2011 3:36am PDT

  • Splunk customer profile: Pegasus Solutions

    Pegasus Solutions, a Splunk customer, explains what Splunk is doing to help

    Blog posts | December 17, 2010 3:10am PST

  • Visa, banks to test real-time fraud alerts

    Credit card giant Visa is teaming up with with eight North American banks to deliver fraud alerts in real-time via SMS (text messages) and e-mails to cell phones. The pilot program will allow...

    Blog posts | August 20, 2008 8:53am PDT

  • Icahn, Ballmer pair up, talk Microhoo; Push to boot Yang and Yahoo's board

    Updated: Activist investor Carl Icahn and Microsoft are now in cahoots to toss Yahoo CEO Jerry Yang and the company's board of directors. Icahn says in a letter that he has been chatting up...

    Blog posts | July 7, 2008 6:28am PDT

  • How an information system helped nail Eliot Spitzer and a prostitution ring

    Former New York Governor Eliot Spitzer's prostitute scandal is all the big news here in New York, but the lesser known tale is how an information system--the U.S. Treasury's Financial Crimes...

    Blog posts | March 11, 2008 9:02am PDT

  • Media mergers and acquisitions generated $110 bln in 2007

    M&A for the media and information industries reached record highs in 2007 with 838 transactions and nearly $110 bln in value for 2007 - up 32% and 79%, respectively, over 2006, according to...

    Blog posts | January 29, 2008 11:02am PST

  • Travelers visit the travel website 2.5 times before purchase

    On average travelers visit the purchase website 2.5 times, according to comScore. Customers make 12 travel-related searches, visit 22 websites and take 29 days from the first time they search...

    Blog posts | January 11, 2008 10:45am PST

  • Conflict of interest in FTC's DoubleClick hearing?

    Privacy groups are trying to get FTC chairwoman Deborah Platt Majoras, a Republican, to recuse herself from consideration of the Google-DoubleClick deal. It seems that DoubleClick has tapped the...

    Blog posts | December 13, 2007 10:25pm PST

  • To pay in London, just 'tap and go'

    MasterCard rolls out its PayPass contactless-payment technology in several locations across U.K. capital, including Canary Wharf.

    News items | September 5, 2007 7:07am PDT

  • Edgeio launches paid content platform

    The classified service edgeio is launching a new kind of paid content service at the Gnomedex conference in Seattle that facilitates 'in-place' transactions. Edgeio CEO Keith Teare calls them...

    Blog posts | August 10, 2007 12:02pm PDT

  • Pay up: evaluating new retail technology

    New technologies are giving retailers even more ways of accepting payment. AMR helps them sort through the vendor and support options.

    News items | December 12, 2002 12:00am PST

  • Bank software combats money laundering

    Wells Fargo beefs up security with a new software system that uses artificial intelligence to weed out any financial activity deemed suspicious.

    News items | June 17, 2002 12:00am PDT

  • Olympian effort nets resort point-of-sale, CRM gold

    With the Winter Olympics coming to town, Park City Mountain Resort needed to get its IT department in top shape. Here's how it revamped its IT infrastructure to better handle its customer...

    News items | April 10, 2002 12:00am PDT

  • Using SET for Secure Electronic Commerce

    Introduction to SET This chapter gives an introduction to the SET Secure Electronic Transaction® or SET® protocol. Chapter Roadmap This chapter provides information on the following...

    News items | June 22, 1999 12:00am PDT

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