Comment Programmer in Financial Sector (Score 1) 318
I am the team lead for product develop group that specializes in both ATM networks (financial) and online EFT/ACH.. for a leading banking software company.
There are multiple fed districts with multiple feeder sites already in existance for the multiple switching/private networks that already handle the bulk of fed financial transaction work. The rest comes across private networks as singular batch files that maintain transactions in ACH/NACHA/EFT formats.
The fed take this stuff pretty seriously and have considerable experience. You can expect IP specific + encrypted + password authenticated verification systems.
There are multiple fed districts with multiple feeder sites already in existance for the multiple switching/private networks that already handle the bulk of fed financial transaction work. The rest comes across private networks as singular batch files that maintain transactions in ACH/NACHA/EFT formats.
The fed take this stuff pretty seriously and have considerable experience. You can expect IP specific + encrypted + password authenticated verification systems.