In-house Terminals

Some financial institutions employ terminals, connected via telecommunications networks with customers and the institutions' operating departments, to execute funds payment orders. These systems may be dial-up or dedicated lines and are often fully interfaced to the institution's funds payments system. The primary security method is the use of unique passwords for each user of the system. Since there is often no intervention by the funds payment operation, it is necessary to establish controls directly in the area employing the terminals. These controls should cover origination, data entry, and release, and should be the same as those associated with an independent funds payment function.

 

Previous Section
Payment Messaging Systems
Next Section
Non-automated Payment Order Origination