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A Transaction Processing System (TPS) is a type of information system that collects, stores, modifies and retrieves the data transactions of an enterprise.Transaction processing systems also attempt to provide predictable response times to requests, although this is not as critical as for real-time systems.he first transaction processing systems was American Airlines SABRE system, which became operational in 1960. Designed to process up to 83,000 transactions a day, the system ran on two IBM 7090 computers.
Understanding Composite Asset Processing. Composite Asset Processing, frequently used by utility companies, is a way of grouping many assets so that their total cost is carried by, and depreciated as, one asset. This single asset is termed a composite asset, and associated assets are known as composite members. In composite processing, no transaction detail is carried by individual composite members. All transaction detail, including any gain or loss accrued upon retirement, is rolled up to the composite asset level.