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Some of the first software I ever wrote for pay was a daily shell script that pgp encrypted an ACH batch and sent it from one financial institution to another o
by efficax 6y ago
Some of the first software I ever wrote for pay was a daily shell script that pgp encrypted an ACH batch and sent it from one financial institution to another over a dedicated frame-link, via FTP. This was over 20 years ago! Can't believe it's still the same.
- cout 6y agoSounds like bliss! Twenty years ago I was working on a project that received financial data through a Y-cable connected to a printer port. One day, we stopped getting data and could not figure out why. Turns out the printer had run out of paper.
- aksss 6y agoWe had to write jobs to encrypt the NACHA files and send over FTP years ago, but I was at the same company long enough (prior to 2010) to see the banks at least adopt SFTP. Slightly better, but still encrypted the files. Hey, it works and is reliable. I learned banks are really cheap, though, definitely not in the mood to spend money on new systems/processes even if they'd improve productivity.