For example, schedules of Institution invoices or salary statements…etc. Transaction Process Systems (TPS) makes it available to access the required outcomes immediately. Information Technology (IT) plays an essential role in the same as it is deemed a process included in all fields and divisions of companies including marketing, human resources, accounting and production. They support the transformation of data into meaningful information as they undertake daily routine tasks in organizations. Transaction Process Systems (TPS) are considered the oldest type of Information Systems. A commonly encountered example of transaction processing is the use of an automated teller machine (ATM), as shown in Figure 6.1. Characteristics of a TPS include performance, reliability and consistency. Operations in a transaction processing system are interactions between a user and a computer system where there is the perception of an immediate response from the system to the user’s requests. In this regard, the importance of learning the principles of Information Systems management is demonstrated.Ī Transaction Process System (TPS) is an information processing system for business transactions involving the collection, modification and retrieval of all transaction data. In addition, these systems help companies and organizations in surveillance issues, networking, data computation, communication between company branches, and office work facilitation. Transaction processing (TP) systems often are expected to be available 24 hours per day, 7 days per week, to support around-the-clock business operations. It also helps companies' directors in the process of decisions making. Information Systems (IS) is a set of computer-based systems that are especially designed to provide help for companies and organizations in order to carry out their work, achieve their targets, and speed up work implementation. After identification of typical risks involved in TPS, the solutions are put forwarded to the IT professionals and managers of HNB with suitable recommendations.The British Academy for Training and Development presents a training course about Transaction Process Systems (TPS) which are considered as part of modern management information systems according to curriculums approved by the Academy. This proposed research assesses risks quantitatively and qualitatively which can be applicable in banking industry. Managerial Implications: Risks in Transaction Processing System - TPS - is inevitable specially in banking industry. It is a sophisticated revenue management system that generates desired forms of outputs in the form of reports and summaries with the given inputs which may be cash memos, customer orders, invoices, etc. Data are collected by primary source using questionnaire as an instrument for collecting data. TPS or Transaction processing system is an advanced form of information system that allows businesses to handle and manage transactions across the globe. This study is a complete survey which covers all HNB branches in Ampara Coastal Belt Area (ACBA). Secondary Sampling Units - SSU - are branch managers, IT staff and technical people in banks. Methodology: Primary Sampling Units - PSU - are banks. Understanding this issue leads to a greater appreciation for challenges faced by managers in banking sector. According to an internal physical view, TPS is a media or technology used to support the information flow within an organization, while as physically external. This research raises research question as "what approaches can be taken to assess the risks?". It is important to discuss the risk in the banking sector with the key issue. Objectives and Research Question - RQ: This research paper aims at assessing risks involved in Transaction Processing System (TPS) which have high impact on banks due to their high cost, and their pervasive impact on banking operations. Quantitative and Qualitative Risk Assessment in TPS may explore the real obstacles which exist in the bottom line financial transactions of banking sector. On the other hand Information system security is always a necessity in order to deal with threats. It helps an organization manage its risks, enhance its value and improves business performance. When evaluating and managing the risks, it is more anticipatory and effective way to analyzing the potential risks. Introduction: Transaction Processing System (TPS) plays a vital role in financial transactions in banking sector.
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