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congressman wants review of online banking system
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X-Sender: [email protected]
Date: Tue, 08 Apr 1997 17:58:51 -0400
To: Digital Commerce Society of Boston <[email protected]>
From: The Old Bear <[email protected]>
Subject: congressman wants review of online banking system
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Reply-To: The Old Bear <[email protected]>
CONGRESSMAN CALLS FOR REVIEW OF ONLINE BANKING
House Banking Committee Chairman James Leach (R-Iowa) has
asked the General Accounting Office to review whether the
Federal Reserve has sufficiently protected its Fedwire
funds transfer and security transfer system from electronic
trespassing.
Fedwire processes around 380,000 securities and funds
transfers totaling $1.6 trillion each day.
source: BNA Daily Report for Executives
April 7, 1997
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Robert Hettinga ([email protected]), Philodox
e$, 44 Farquhar Street, Boston, MA 02131 USA
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