4 ms·
> What we need is instant clearing, 24/7/365. Nobody cares that it's Sunday. Nobody cares that it's Presidents Day. This always amazed me that the ACH transact
by 2bluesc 9y ago
> What we need is instant clearing, 24/7/365. Nobody cares that it's Sunday. Nobody cares that it's Presidents Day.
This always amazed me that the ACH transaction couldn't be set in motion (not fully committed perhaps) duing holidays and weekends.
Do servers cost more to run on weekends and holidays?
- pbreit 9y agoNo, but people do.
- PretzelFisch 9y agoI think some of the smaller banks still have people interacting with the ACH. At least that is my impression from planet money http://www.npr.org/sections/money/2013/10/04/229224964/episode-489-the-invisible-plumbing-of-our-economy http://www.npr.org/sections/money/2013/10/04/229224964/episo...
- seanp2k2 9y agoThe dates are probably hard-coded in Fortran and no contractors will touch the core of the banking operation with a 1024PB pole.
- pfarnsworth 9y agoFortran is a scientific language, and is not used in banks and financial transactions.
- antonvs 9y agoThe language would more likely be COBOL.
- pbreit 9y agoAll banks have lots of people interacting with ACH.
- 2bluesc 9y ago> No, but people do. Sounds like they need to drop the "A" in ACH.