Friction: Difference between revisions
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imported>Doug Williamson (Create page. Source: Smart Cash conference report, Spring 2017, p3.) |
imported>Doug Williamson (Categorise.) |
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* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
* [[Straight-through processing]] | * [[Straight-through processing]] | ||
[[Category:Cash_management]] | |||
Revision as of 15:45, 5 June 2018
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.
