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.


See also