From: black.hole.4.spam{at}gmail.com (Don Hills)

In article , "Geo"
 wrote:
>
>The Mach kernel of the banking industry? Just a message passing routine?

Not even that. As Phil said, just a records keeping function.

It's a few(!) years since I was last involved with SWIFT, but at that stage
the process was that the transaction information was written into a
standard data packet format and sent directly to the other party (bank),
often by dialup phone.

I once spent 6 weeks porting the SWIFT transmission and reception programs
of a multinational bank from RPG II (System/34) to RPG III (System/38).
They weren't big programs, but they were exceedingly badly written. In the
process I learned more than I really wanted to know about how SWIFT worked,
fortunately I have forgotten almost all of it now. I do remember how
surprised I was to find such huge amounts of money being transferred around
the world with no security or checking as to correct reception etc.

--
Don Hills    (dmhills at attglobaldotnet)     Wellington, New Zealand
"New interface closely resembles Presentation Manager,
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