Online Transaction Processing definition

Online Transaction Processing means the process of settling claims, from submission through final disposition, between two or more parties.
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Examples of Online Transaction Processing in a sentence

  • Data entered into the Local Data System by AAA is located initially in an On-line Transaction Processing system (OLTP), which allows for changes such as the entry of additional data, and is accessible only by AAA.

  • Such Online Transaction Processing shall include eligibility and coverage determination, calculation of allowable costs and applicable Deductibles, Coinsurance or Copayments, and communication of payment disposition to Participating Pharmacies, and shall be subject to the terms and conditions of this Contract, including but not limited to the procedures set forth in Section 4.17.

  • Partitioning [8] enhances the data management environment for Online Transaction Processing (OLTP), data marts and data warehouse applications by adding significant manageability, availability and performance capabilities to large underlying database tables and indexes.

  • Additional parameters may be incorporated upon the mutual agreement of Board and Contractor so as to ensure that Contractor’s Pharmacy Claims Online Transaction Processing System will accommodate the additional parameters.

  • A less mature locking scheme will result in many delays/waits in the foreseen heavy OLTP (Online Transaction Processing) environment.

  • Funds Availability Amounts in Effect July 1, 2020 Electronic Funds Transfer Services Limitations, Fees and Other Important Information Online Transaction Processing: Generally, it will take 2-5 days to process a transaction.

  • Contractor will implement a generic sampling program designed to encourage the use of generic medications by waiving or reducing the Copayment or Coinsurance on the initial prescription of selected Covered Products during Online Transaction Processing.

  • Contractor shall be responsible for Online Transaction Processing of claims for Covered Products submitted by Participating Pharmacies, according to the Benefit Plan coverage parameters (see Exhibit 1), Covered Individual File and Participating Prescriber File information supplied by the Board.

  • Contractor will develop and implement a generic sampling program designed to encourage the use of generic medications by waiving or reducing the Copayment or Coinsurance on the initial prescription of selected Covered Products during Online Transaction Processing.

  • The initial processing capacity of the database system is 4-way SMP, sized in terms of the Transaction Processing Council Online Transaction Processing (OLTP) benchmark of 2500 transactions per second (tpsC).

Related to Online Transaction Processing

  • Online Transaction means any Phone/Electronic Transaction requested through an Electronic Transmission over the Internet.

  • Cannabis processing facility means a person that:

  • Manufactured-home transaction means a secured transaction:

  • Marijuana processor means a person who processes marijuana items in this state.

  • Processing facility means an establishment that prepares, treats, or converts tangible personal property into finished goods or another form of tangible personal property. The term includes a business engaged in processing agricultural, aquacultural, or maricultural products and specifically includes meat, poultry, and any other variety of food processing operations. It does not include an establishment in which retail sales of tangible personal property are made to retail customers.