Blue chip 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: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.
