Straight-through processing: Difference between revisions
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* [[Friction]] | * [[Friction]] | ||
* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
* [[Payments Market Practice Group]] (PMPG) | |||
* [[Real-time]] | * [[Real-time]] | ||
* [[SEPA direct debit]] | * [[SEPA direct debit]] | ||
Revision as of 11:43, 15 November 2023
(STP).
The automated processing of transactions and any related payment transfers, including the automated completion of confirmation and settlement instructions.
One of the benefits of STP is a substantial reduction in friction costs.
