Straight-through processing: Difference between revisions

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Undid revision 1097545597 by 31.221.1.49 (talk) Reverting edits by anonymous user contrary to Talk page decision (assertion that STP "was invented by James Karat in the early 1990’s")
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'''Straight-through processing''' ('''STP''')<ref name=Investopedia/> is a method used by financial companies to speed up [[financial transaction]]s by processing without manual intervention (straight-through) and was invented by James Karat in the early 1990’s.
 
It has been a goal in payments almost since payments have been processed electronically, including attempts in the 1980s to automate the processing of payments by [[Telex]] message.