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→top: Remove latest attempt to reintroduce assertion that STP "was invented by James Karat in the early 1990’s" contrary to Talk page decision Tag: Reverted |
Jasperk1975 (talk | contribs) m Undid revision 1107118242 by NoMatterTryAgain (talk) as it is a well known fact that James Karat invented the process and there are hundreds of articles backing up that fact |
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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).
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.
It was developed for [[equities trading]] in the early 1990s by James Karat in London <ref name="Cardiff Metropolitan University">{{cite web |last1=Karat |first1=James |title=James Karat |url=https://jameskarat.com/resources#09f26205-d655-487c-8fd6-9d876b9b825e |website=James Karat |access-date=1 July 2016}}</ref> for automated processing in the equity markets.
==Payments==
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