Straight-through processing: Difference between revisions

Revision as of 22:22, 29 March 2023

Revision as of 23:41, 29 March 2023

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==Payments==

Straight-through processing exists in numerous areas of financial services, such as payments processing.<ref name=globaltreasurer2007>{{cite web |author=JRobert McKay |title=Payment STP Through High Quality Data |url=https://www.theglobaltreasurer.com/2007/11/22/payment-stp-through-high-quality-data/ |website=www.theglobaltreasurer.com}}</ref><ref name=aisystems>{{cite web |title=Adaptive Intelligent Systems: Proceedings of the BANKAI workshop, Brussels, Belgium, 12-14 October 1992 |url=https://books.google.com/books?isbn=1483298159 |website=books.google.co.uk}}</ref><ref name=inputicenter>{{cite web |title=Vendor Analysis Program |url=http://www.inputicenter.com/wp-content/uploads/2015/12/VAP1996-1992CtoE.pdf |website=www.inputicenter.com}}</ref>

Payments may be non-STP due to various reasons<ref name=finextra>{{cite web |author=Ganesh Guruvayur |title=Challenges around STP in Payments |url=https://www.finextra.com/blogposting/8728/challenges-around-stp-in-payments |website=www.finextra.com|date=2 January 2014 }}</ref> such as missing information, information which that is not in a machine "understandable" form (such as name and address rather than a [[Bank code|code]]), or human-readable instructions "Please credit urgently") or simply falls outside of rules for which the bank allows automatic processing (for example, payments of large value or in exotic currencies).