![]() ![]() Recent technology innovations allowed the widespread use of real-time processing. RTP maintains instant data processing with the aim of providing a swift transaction verification. It is highly versatile, and it can work efficiently as a multi-user interface that can be accessed where there is an online network. TPS can also execute input, output, storage, and processing functions. Input functions: includes the securing of data on the source document, entering of input data in the system and also the validation of data. Output functions: includes the production of the result of the transaction through a screen, monitor or paper. Storage functions: This is the method by which data is stored for use on the TPS. It involves the storage of information, accessing, sorting, and updating the storing of data.
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