Transaction Processing System

Essay by PaperNerd ContributorUniversity, Master's July 2001

download word file, 4 pages 5.0

Summary Transaction processing is the bottom line for any company and in many cases will determine if the company is successful or fails. The Internet is making the global market place very small and therefore is a major consideration when marketing a company. End users can now browse catalogs and buy products straight from retail stores, make airline reservation, trade stocks and make many other transactions right from their home computer. With the trend in on line transactions grown at an astounding rate any company that ignores the potential in on line transaction processing will undoubtedly get left behind in the business world.

Pegasus Solutions is one company that is providing Internet Hotel Reservation capabilities for the Portland Oregon area. Pegasus is a leader in the field of electronic commerce and hotel industry transaction processing solutions. With this new on-line transaction processing capability the Portland area can now tap into the huge Internet market and will join the likes of such companies as,, and Japan's Recruit Isize Travel ( Pegasus is a leading provider in end-to-end reservation distribution solutions to the hotel industry worldwide. More than 181 Web Sites have contracted with Pegasus to receive direct booking which will allow their customers to compare room rates, view hotel availability, view hotel photos and make room reservations over a secure connection. Pegasus processed an estimated $500 million in room sales through Internet hotel bookings in 1999 and will only grown larger as the on line market becomes larger.

Another aspect of transaction processing is its integration with customer service marketing. E-commerce has changed the way retailers do business. In today's market it is a must to have on-line services to be competitive. While many companies fail in this arena, the ones that succeeded have set new standards in extending...