Transaction Processing

Transaction processing refers to the series of steps involved in completing a transaction, such as purchasing a product or service. It starts when a customer initiates the transaction, often by entering information online or swiping a card. The system then verifies the payment, checks for fraud, and processes the order. Once complete, the transaction is recorded in a database for future reference. This ensures accuracy and security in financial exchanges, making it vital for businesses and customers to trust that their transactions are handled efficiently and safely.