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online transaction processing systems

 

Definitions from the Web

Online Transaction Processing Systems

Description

Online Transaction Processing (OLTP) Systems are computer-based software systems used for managing, recording, and processing transactions in real-time over the internet. These systems are designed to handle a large number of concurrent transactions and are commonly used in various industries such as banking, e-commerce, and retail.

Sample Sentences

  1. I prefer using online transaction processing systems for faster and more secure payments.
  2. Financial institutions heavily rely on online transaction processing systems to ensure efficient and accurate transaction management.
  3. The e-commerce company recently upgraded its online transaction processing system to accommodate the increasing number of customers.

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