Credit Benchmark and Friction: Difference between pages
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'' | ''Transaction processing''. | ||
In transaction processing, friction is any delay or expense relating to a transaction. | |||
The associated costs are known as 'friction costs'. | |||
Friction costs include time and distraction, as well as direct transaction charges. | |||
== See also == | == See also == | ||
* [[ | * [[Hysteresis]] | ||
* [[ | * [[Payments and payment systems]] | ||
* [[ | * [[Straight-through processing]] | ||
[[Category: | [[Category:Cash_management]] | ||
Revision as of 17:25, 20 June 2020
Transaction processing.
In transaction processing, friction is any delay or expense relating to a transaction.
The associated costs are known as 'friction costs'.
Friction costs include time and distraction, as well as direct transaction charges.
