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OCR: 560 SECTION CHAPTER 10 Early transaction processing systems, such as banking and payroll applica- tions of the 1970s, used batch processing to collect and hold group of transactions until the end of a day or pay period, when the entire batch processed. Batch processing proceeds without human intervention, until all transactions are completed or until an error occurs. In contrast to batch processing, most modern transaction processing systems use online processing real-time method in which each transaction is proce ssed as it is entered Such system S often referred to as an OLTP system (online transaction processing system) OLTP uses commit or rollback strategy to ensure that each transaction processed correctly This strategy S crucial because most transactions require sequence of steps, an ...