Online transactionis a payment method in which the transfer of fund or money happensonlineover electronic fund transfer.Online transactionprocess (OLTP) is secure and password protected. Three steps involved in theonline transactionare Registration, Placing an order, and, Payment.

It is a method in which the transfer of fund or money happens online over electronic fund transfer

It is a payment method in which the transfer of fund or money happens online over electronic fund transfer

Online transactionis apaymentmethod in which thetransferof fund or money happensonlineover electronic fundtransfer.Online transactionprocess (OLTP) is secure and password protected. Three steps involved in theonline transactionare Registration, Placing an order, and,Payment.

Online transactionis apaymentmethod in which thetransferof fund or money happensonlineover electronic fundtransfer.Online transactionprocess (OLTP) is secure and password protected. Three steps involved in theonline transactionare Registration, Placing an order, and,Payment.

Online transactionis apaymentmethod in which thetransferof fund or money happensonlineover electronic fundtransfer.Online transactionprocess (OLTP) is secure and password protected. Three steps involved in theonline transactionare Registration, Placing an order, and,Payment.

Online transactionis apaymentmethod in which thetransferof fund or money happensonlineover electronic fundtransfer.Online transactionprocess (OLTP) is secure and password protected. Three steps involved in theonline transactionare Registration, Placing an order, and,Payment.

Online transactionis apaymentmethod in which thetransferof fund or money happensonlineover electronic fundtransfer.Online transactionprocess (OLTP) is secure and password protected. Three steps involved in theonline transactionare Registration, Placing an order, and,Payment.

InOnline transaction processing(OLTP),information systemstypically facilitate and manage transaction-oriented applications.

The term "transaction" can have two different meanings, both of which might apply: in the realm of computers ordatabase transactionsit denotes an atomic change of state, whereas in the realm of business or finance, the term typically denotes an exchange of economic entities (as used by, e.g.,Transaction Processing Performance Councilorcommercial transactions.[1]):50OLTP may use transactions of the first type to record transactions of the second.

OLTP has also been used to refer to processing in which the system responds immediately to user requests. Anautomated teller machine(ATM) for a bank is an example of a commercial transaction processing application. Online transaction processing applications have high throughput and are insert- or update-intensive in database management. These applications are used concurrently by hundreds of users. The key goals of OLTP applications are availability, speed, concurrency and recoverability.[2]Reduced paper trails and the faster, more accurate forecast for revenues and expenses are both examples of how OLTP makes things simpler for businesses. However, like many modern online information technology solutions, some systems require offline maintenance, which further affects the cost-benefit analysis of an online transaction processing system.

OLTP is typically contrasted toOLAP(online analytical processing), which is generally characterized by much more complex queries, in a smaller volume, for the purpose of business intelligence or reporting rather than to process transactions. Whereas OLTP systems process all kinds of queries (read, insert, update and delete), OLAP is generally optimized for read only and might not even support other kinds of queries. OLTP also operates differently frombatch processingandgrid computing.[1]:15

OLTP is contrasted to OLEP (online event processing), which is based on distributedevent logsto offer strong consistency in large-scale heterogeneous systems.[3]Whereas OLTP is associated with short atomic transactions, OLEP allows for more flexible distribution patterns and higher scalability, but with increased latency and without guaranteed upper bound to the processing time.

Online Transaction. What it is: Anonline transaction, also known as a PIN-debittransaction, is a password-protected payment method that authorizes a transfer of funds over an electronic funds transfer (EFT)