What is TPS?

(1) Short for transactions per second, a measurement used to determine how many transactions have been processed in one second in transaction-oriented systems.

(2) Short for Transaction Process System it is a type of information system (IS) that collects, stores, modifies and retrieves transaction of an organization. Here the word transaction is used to mean any event that generates or modifies data stored in the IS. For example batch processing is an example of TPS.