Secure File Transfer Over the Internet

Thielens, John
October 2004
Bank Technology News;Oct2004 Supplement, Vol. 17, p23
Trade Publication
This article presents information on secure file transfer over the Internet in the banking industry. Many of the operations in the banks require fast, secure, reliable and fully compliant file transfer operations, which can come with a hefty price tag. To provide competitive services, the bank, IT professionals in the banking industry must observe strict security and compliance requirements while managing the cost of secure, fast and reliable file transfers and external communications. There is an alternative for IT professionals at smaller banks--using the Internet and their own wide area IP-based networks to quickly and securely transfer electronic data without building an extensive and expensive dedicated telecommunications infrastructure.


Related Articles

  • Six Key Ingredients for Effective Compliance with the Bank Secrecy Act. Agarwal, Vivek // Banking New York;Fall2011, Issue 19, p22 

    The article discusses six key ingredients for effective bank compliance with the U.S. Bank Secrecy/Anti-Money Laundering Act. These include having a competent Compliance Officer, an involved board of directors, and continuous training of appropriate personnel. The law penalizes violations and...

  • Time to Step Up Your Game—Curry on BSA Compliance.  // Pratt's Mortgage Compliance Letter;Apr2014, Vol. 14 Issue 4, p7 

    The article reports on the move of U.S. Comptroller of the Currency Thomas Curry who called for an amendment in accountability for Bank Secrecy Act (BSA) violations. Curry reportedly delivered a speech on March 14, 2014 before trade body Association of Certified Anti-Money Laundering Specialists...

  • TruPS Leave Buyers in CDO Limbo. Horwitz, Jeff // American Banker;4/27/2010, Vol. 175 Issue 64, p1 

    The article discusses banks' collateralized debt obligations (CDO), which became the main route for the sale of banks' trust-preferred securities (TRUPS) through the first decade of the 21st century. According to the article, the pooling of TRUPS expanded credit to smaller banks leading them to...

  • Is the banking industry in decline? Recent trends and future prospects from a historical... Wheelock, David C. // Review (00149187);Sep/Oct93, Vol. 75 Issue 5, p3 

    Examines the apparently declining role of commercial banks. Removal of limits on branch banking; Relaxation of restrictions on banking services; Contributing factors to the high number of bank failures; Prohibition of securities-related activities under the Banking Act of 1933. INSET: Recent...

  • Managing the security agenda. Ballard, Michael // Canadian Banker;Jul/Aug91, Vol. 98 Issue 4, p46 

    Focuses on the Canadian banks that employ hundreds of specialists to develop and maintain sound security programs within their organization. Tasks of the Corporate Security Committee (CSC); Action done by the CSC in order to address bank security concerns; List of issues and priorities that the...

  • Bank and thrift stocks.  // American Banker;3/6/1996, Vol. 161 Issue 44, p23 

    Presents the bank and thrift stocks for Tuesday, March 5, 1996.

  • With rules eased, banks flock to securities underwriting. Dutta, Mahua // American Banker;8/18/1997, Vol. 162 Issue 158, p1 

    Reports on banks' acquisitions of securities firms resulting from the US Federal Reserve Board's relaxation of rules governing bank securities operation. Banks asking for initial or additional securities underwriting powers; Raise in income limits for banks revenues in their securities...

  • Daylight overdrafts slashed by new fees, Fed aide says. Crockett, Barton // American Banker;4/27/1994, Vol. 159 Issue 80, p14 

    Reports on the reduction in daylight overdrafts of banks after the implementation of the Federal Reserve's (Fed) fees for overdrafts. Book entry securities wire as main source of overdrafts; Concern about the possible bankruptcy of a bank's reserve system as a result of large daylight...

  • Banks tell companies: Why shop around? Kantrow, Yvette D. // American Banker;7/21/1997, Vol. 162 Issue 138, p20 

    Reports on the purchase of securities firms by US commercial banks that gives them the ability to offer integrated finance and their characteristic of having multi-layered roles in high-profile one-stop shops. Example of where one-stop shopping works; Argument financial institutions can make...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics