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The company was founded in 1999 as TransNational Bankcard, Inc. by John Pitzaferro. The company later changed its name to TransNational Payments, Inc. Pitzaferro said he had the idea to create the company after spending 16 years working in merchant services where he witnessed the lack of transparency in the industry. [2]
For example, it handles VISA credit card transaction processing during the peak holiday shopping season. [3] [2] The TPF passenger reservation application PARS, or its international version IPARS, is used by many airlines. PARS is an application program; TPF is an operating system.
Programmed Airline Reservations System (PARS) is an IBM proprietary large scale airline reservation application, a computer reservations system, executing under the control of IBM Airline Control Program (ACP) (and later its successor, Transaction Processing Facility (TPF)). Its international version was known as IPARS. [1]
Swiss International Air Lines AG, stylized as SWISS, is the flag carrier of Switzerland and a subsidiary of the Lufthansa Group, as well as a Star Alliance member. It operates scheduled services in Europe and to North America, South America, Africa and Asia. Zurich Airport serves as its main hub and Geneva Airport as its secondary hub.
The transaction operating system became more widely implemented by businesses other than the major airlines, such as online credit card processing, hotel and rental car reservations, police emergency response systems, and package delivery systems. The last "free" release of ACP, 9.2.1, was intended for use in bank card and similar applications.
In addition to airlines, TPF is used by large banks, credit card companies, and hotel chains. The Hewlett Packard Enterprise NonStop system (formerly Tandem NonStop) is a hardware and software system designed for Online Transaction Processing (OLTP) introduced in 1976. [2] The system provides an extreme level of availability and data integrity.
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