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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.
1 Many different types of systems are available to accommodate any type of business. 2  A computerized accounting system is used to record the transactions of a business. 3  Every time a transaction happens, an entry is made into the system. 4  The system records all the information and stores it in the system. Reports. 2  All information that is entered in the system is stored in the system. 3  Most companies perform back-ups to the system regularly to avoid losing any information. 4  A computerized accounting system is designed to record all information and summarize it in the form of financial statements.