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A Transaction Processing System (TPS) is a type of information system that collects, stores, modifies and retrieves the data transactions of an enterprise.Transaction processing systems also attempt to provide predictable response times to requests, although this is not as critical as for real-time systems.he first transaction processing systems was American Airlines SABRE system, which became operational in 1960. Designed to process up to 83,000 transactions a day, the system ran on two IBM 7090 computers.
(November 2012). A Management Information System (MIS) focuses on the management of information systems to provide efficiency and effectiveness of strategic decision making. The concept may include systems termed transaction processing system, decision support systems, expert systems, and executive information systems.herefore, the MIS term sometimes can be inter-changeable used in above areas. Management Information Systems (plural) as an academic discipline studies people, technology, organizations, and the relationships among them. This definition relates specifically to MIS as a course of study in business schools.