Online processing refers to a method of transaction where companies can use an interface, usually through the Internet, to take product orders and handle payments from customers. Online processing is very popular because it can increase the efficiency of a company's sales operations and allow users to communicate with the online interface for their own needs.Know More
Online processing can be very costly, however. If the system crashes, for instance, the downtime can cost companies their sales operation and greatly affect business.
Online processing is actually one of three processes that businesses can use, the other two being batch processing and real-time processing. Batch processing is when a certain number of jobs or tasks are processed by a computer program all at once instead of being handled individually. Batch processing is commonly used for producing utility bills, payroll statements and credit card processes.
Real-time processing is very similar to online processing, but it differentiates in that it uses sensors rather than human input in order to obtain and process its data. This type of processing is commonly used with control systems and can be very useful in that it operates without delays. This type of processing can be found on aircraft warning systems, guided missiles, burglar alarms and flood warning systems.Learn more about Business Resources
Manual data processing refers to data processing that requires humans to manage and process the data throughout its existence. Manual data processing utilizes non-technological tools, which include paper, writing utensils and physical filing cabinets.Full Answer >
Data-processing cycle refers to the process of transforming raw data into useful information. The cycle entails a process of sequential steps, including input, processing, output and interpretation. Preparation, feedback and storage often are included steps of the cycle.Full Answer >
At least seven popular online brokers offer dividend reinvestment plans, or DRIP, for customers, according to Daily Finance in 2014. Customers manage their dividend reinvestment plans online through accounts with companies such as Scottrade, E-Trade and American Stock Transfer & Trust Co.Full Answer >
Many credit card companies allow their customers to pay their monthly bills online, including Capital One and Chase Bank. Paying credit cards online helps customers avoid missing a payment and saves postage and paper. Those interested in online card payments should check specific credit companies to confirm this feature is available.Full Answer >