The Life-Changing Impact of IBM and SAP’s Real-time Data Processing System

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Each time you withdraw money from an ATM or make a purchase using a credit card, you become part of a complex authorization request process. While these transactions are completed in a matter of seconds, they involve a central computer system authorizing your request, providing details of the authorization to the bank or to the merchant, and then registering the transaction. To be clear, the automated teller and point-of-sale (POS) machines simply verify a few pieces of evidence, such as the…