Friction: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Categorise.)
imported>Doug Williamson
(Add link.)
Line 9: Line 9:


== 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.


See also