Great read, that feels oddly timely as I just returned from a months stay in Portugal. Fantastic place and people. "He then sent the required funds to his Nati

Great read, that feels oddly timely as I just returned from a months stay in Portugal. Fantastic place and people. "He then sent the required funds to his National City Bank account by wire transfer, all while the paper checks were still bobbing across the Atlantic." Does anyone know the proceedure that financial institutions used back then to confirm wire transfers (as in all the steps involved, including acks)?