Friction: Difference between revisions
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imported>Doug Williamson (Categorise.) |
imported>Doug Williamson (Add link.) |
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== See also == | == See also == | ||
* [[Hysteresis]] | |||
* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
* [[Straight-through processing]] | * [[Straight-through processing]] | ||
[[Category:Cash_management]] | [[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.
