Ed, I worked at a bank in manhattan and they had a encrypted line to the Fed , if down fines were $20000 a min..seen a lot ppl getting anxious over a down comm. line, but understandable
Scott ford www.identityforge.com On Jun 28, 2012, at 7:16 PM, Ed Gould <[email protected]> wrote: > On Jun 28, 2012, at 4:00 PM, Anne & Lynn Wheeler wrote: >> >> ibm services has been outsourcing such processing for some number of >> financial institutions ... there is folklore about trade-off between >> having processing to always be under the limit where fine is applied >> ... versus cost savings on not enough processing for always handling >> load spikes (offset by the sporadic fines; periodic claims that late >> processing fines would wipe out any profit on the outsourcing contract) >> > > Lynn: > > While this isn't about deposits/checks per se when I used to work at a bank > (albeit a long time ago) We had to shutdown the ATM's for one hour every fall > and incurred the fines to do so as we could not trust the online application > that was using a time stamp for purposes that we couldn't control. I do not > recall if it was CICS or a ryo system but the time stamps were critical. > > Ed > > ---------------------------------------------------------------------- > For IBM-MAIN subscribe / signoff / archive access instructions, > send email to [email protected] with the message: INFO IBM-MAIN ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [email protected] with the message: INFO IBM-MAIN
