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"Large companies and financial institutions also often "play the float" with larger sums for-profit—namely, the interest income they earn on an amount by speedi
by ZeroSolstice 3y ago
"Large companies and financial institutions also often "play the float" with larger sums for-profit—namely, the interest income they earn on an amount by speeding up its deposit into their accounts or slowing down a presentation for payment[1]."
IMF eLibrary with some example scenarios[2]. Granted they speak of most of the float data being analyzed with checks, it doesn't seem unreasonable to replace "check" with "credit card" transaction.
[1] https://www.investopedia.com/terms/f/float.asp https://www.investopedia.com/terms/f/float.asp
[2] https://www.elibrary.imf.org/display/book/9781557753861/ch10.xml https://www.elibrary.imf.org/display/book/9781557753861/ch10...