![]() The output from the transaction processing systems (TPS) is used as input to the management information systems (MIS). By local law, Apple may update information related to the selected payment method provided by the user’s financial institution. If the company is unable to write off funds using the selected payment method for any reason, for example, after expiration or insufficient funds, the owner remains responsible for any amounts not received. If the owner adds a payment method to Apple Wallet, it will be used with Apple Pay (Jawale & Joon 85). Apple uses a preferred payment method, such as a credit card, debit card, or any other method available in a particular country of residence. If Touch ID is activated, the user is prompted to confirm all transactions with the fingerprint, and if Face ID is used, transactions must be confirmed with a face snapshot (Jawale & Joon 82). When making the first transaction, the user is asked to select the frequency of requests for a password for future transactions. TPS also handles and calculates the routine transactions required to run a business, such as sales settlements, payroll, and others.Īny transaction is an electronic agreement between the owner and Apple Inc. It is also designed to protect the user’s personal information (Rainer et al. It protects transactions with security features built into the device’s hardware and software. ![]() Apple Pay is a payment system integrated into Apple devices, and their owners can use credit and debit cards directly through this system. uses smartphone credit card readers and mobile transaction processing systems. Transaction Processing Systems (TPS) is the information systems that divide work into separate, indivisible operations called transactions. ![]() Learn more Transaction Processing Systems (TPS) ![]()
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