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Automatic and controlled processes (ACP) are the two categories of cognitive processing.All cognitive processes fall into one or both of those two categories. The amounts of "processing power", attention, and effort a process requires is the primary factor used to determine whether it's a controlled or an automatic process.
The term "transaction" can have two different meanings, both of which might apply: in the realm of computers or database transactions it denotes an atomic change of state, whereas in the realm of business or finance, the term typically denotes an exchange of economic entities (as used by, e.g., Transaction Processing Performance Council or commercial transactions.
If some of the operations are completed but errors occur when the others are attempted, the transaction-processing system "rolls back" all of the operations of the transaction (including the successful ones), thereby erasing all traces of the transaction and restoring the system to the consistent, known state that it was in before processing of ...
Traditionally, making payments involves many departments in a bank. Both initiating a payment to be sent and processing a received payment may take days. In the past, payments were initiated through numerous "human-friendly" (also known as paper-based) means, such as a human through a paper order, over the phone, or via fax. [6]
Batch processing is execution of a series of programs (jobs) on a computer without manual intervention. Several transactions, called a batch are collected and processed at the same time. The results of each transaction are not immediately available when the transaction is being entered; [1] there is a time delay.
It is an EDI standard based on EDIFACT created to automate and standardize data exchange between airlines and other parties. NCPDP Script, SCRIPT is a standard developed and maintained by the National Council for Prescription Drug Programs (NCPDP). The standard defines documents for electronic transmission of medical prescriptions in the United ...
The automated trading system determines whether an order should be submitted based on, for example, the current market price of an option and theoretical buy and sell prices. [7] The theoretical buy and sell prices are derived from, among other things, the current market price of the security underlying the option.
Automation use and disuse can also influence stages of information processing: information acquisition, information analysis, decision making and action selection, and action implementation. [10] For example, information acquisition, the first step in information processing, is the process by which a user registers input via the senses. [10]