Excerpt:
The Fed recently added an international ACH component. A joint venture between the central bank of Mexico and the Federal Reserve aims to increase the efficiency of sending remittances from the United States to Mexico and reduce costs for both sender and recipient. In addition, Canada, Mexico and several European countries participate in FedACH International Services, which encourages the use of ACH for other international transactions.
Institutions holding accounts with Reserve Banks use the Fedwire® Funds Service to initiate large, single electronic transactions. Each day, the Federal Reserve System transfers billions of dollars electronically between financial institutions worldwide.
http://www.spp-psp.gc.ca/eic/site/spp-psp.nsf/eng/00052.html (Please click this link and look carefully into this???) ..cal
Excerpt:
Mexico and U.S. to promote efficiencies and encourage use of FedACH International Mexico automated clearing-house mechanism.
Excerpt:
Mexico and U.S. to promote efficiencies and encourage use of FedACH International Mexico automated clearing-house mechanism.
http://en.wikipedia.org/wiki/Automated_Clearing_House
Excerpt:
Automated Clearing House (ACH) is an electronic network for financial transactions in the United States. ACH processes large volumes of credit and debit transactions in batches. ACH credit transfers include direct deposit payroll and vendor payments. ACH direct debit transfers include consumer payments on insurance premiums, mortgage loans, and other kinds of bills. Debit transfers also include new applications such as the point-of-purchase (POP) check conversion pilot program sponsored by NACHA-The Electronic Payments Association. Both the government and the commercial sectors use ACH payments. Businesses increasingly use ACH online to have customers pay, rather than via credit or debit cards.
http://www.frbservices.org/serviceofferings/fedwire/fedwire_funds_service.html
Excerpt:
The Fedwire Funds Service is a real-time, gross settlement system. This means that each transaction is processed individually and settled upon receipt via a highly secure electronic network.
http://www.frbservices.org/servicesetup/fedwire/vendor_list.html
Excerpt:
http://forwardamerica.blogspot.com/2007/04/promis-software-tale-of-government.html
Excerpt:
The federal program to collect financial data was based on the idea that the Communists were employing terrorism on a major scale. This federal program including tapping into other collection programs such as CHIPS, Fedwire, and SWIFT.
http://www.apfn.org/apfn/octopus3.htm
Excerpst:
1) In the transcript of this tape-recorded phone call (one of several obtained by the RCMP and Insight), Riconosciuto offers the FBI information about bank accounts in the Cayman Islands and the Bahamas, at Castle Bank and Savings, and the Workers Bank in Colombia (Banco de la Troba Hadores) in which he claims to have “set up virtual dead drops.” Riconosciuto explains that this “is a way to get around reconciliations on ACH’s [automated clearinghouses],” an interbank network for electronic fund transfers.
2) The two investigators explored the idea that PROMIS was being used for illegal activities in the banking system. According to Seymour, Cohen “didn’t mince words. He told me that he had a theory about why PROMIS was taken and that it was because it could be modified to track money laundering —and that it therefore could be modified to control hundreds of accounts and move money invisibly through the international banking system.” Seymour further says that Cohen said “what a lot of people don’t realize is that there are two banking systems. There’s CHIPS and SWIFT, and the phrase ‘Swift Chips’ has been spread throughout this whole investigation without a lot of people realizing what that meant. Swift Chips is a referral to those two clearinghouse systems. They do $2 billion worth of banking transactions per day and, if one was able to move accounts through there [undetected], you could move money invisibly around the world.”
Octopus III
PROMIS Software Linked To Several Murders
Excerpt:
The North American Currency Union is a theoretical economic and monetary union of three North American countries: Canada, the United States and Mexico.
Conspiracy theorists contend that the governments of the United States, Canada, and Mexico are already taking steps to implement such a currency, as part of a "North American Union (NAU)".[1][3]
http://www.nacha.org/news/newsDetail.cfm/RecentBusinessNewsID/236
Excerpt:
Action Requested
NACHA requests that financial institutions, billers, and payment providers ensure that their frontline staff — those who interact with customers — understand the sustained and evolving nature of these attacks. Organizations may wish to consider designating a focal point to coordinate communications and awareness internally and with customers. Kindly instruct customers to forward fraudulent emails they receive that appear to come from NACHA to abuse@nacha.org for analysis.
Background
Further to previous Members Memos and notices made available on our website since February 2011, NACHA has been the victim of sustained and evolving phishing attacks in which consumers and businesses are receiving emails that appear to come from NACHA. The attacks are occurring with greater frequency and increased sophistication. Perpetrators may also be exploiting email addresses recently stolen from Epsilon.
These fraudulent emails typically make reference to an ACH transfer, payment, or transaction and contain a link or attachment that infects the computer with malicious code when clicked on by the email recipient. The contents of these fraudulent emails vary, with more recent examples including a counterfeit NACHA logo and the citation of NACHA’s physical mailing address and telephone number.
The North American Currency Union is a theoretical economic and monetary union of three North American countries: Canada, the United States and Mexico.
Implementation would involve the three countries giving up their current currency units (U.S. dollar, Canadian dollar, and Mexican peso) and adopting a new one, created specifically for this purpose. (Some versions of the theory, particularly those circulating in Canada, assume only the United States and Canada would be included.) The hypothetical currency for the union is most often referred to as the amero.[1][2] The concept is modeled on the common European Union currency (the euro), and it is argued to be a natural extension of the North American Free Trade Agreement (NAFTA) and the Security and Prosperity Partnership of North America (SPP).
Conspiracy theorists contend that the governments of the United States, Canada, and Mexico are already taking steps to implement such a currency, as part of a "North American Union (NAU)".[1][3]
http://www.nacha.org/news/newsDetail.cfm/RecentBusinessNewsID/236
Excerpt:
Fraudulent Emails Appearing to Come from NACHA (Action Requested)
Ensure that Frontline Staff Understand Sustained and Evolving Nature of AttacksAction Requested
NACHA requests that financial institutions, billers, and payment providers ensure that their frontline staff — those who interact with customers — understand the sustained and evolving nature of these attacks. Organizations may wish to consider designating a focal point to coordinate communications and awareness internally and with customers. Kindly instruct customers to forward fraudulent emails they receive that appear to come from NACHA to abuse@nacha.org for analysis.
Background
Further to previous Members Memos and notices made available on our website since February 2011, NACHA has been the victim of sustained and evolving phishing attacks in which consumers and businesses are receiving emails that appear to come from NACHA. The attacks are occurring with greater frequency and increased sophistication. Perpetrators may also be exploiting email addresses recently stolen from Epsilon.
These fraudulent emails typically make reference to an ACH transfer, payment, or transaction and contain a link or attachment that infects the computer with malicious code when clicked on by the email recipient. The contents of these fraudulent emails vary, with more recent examples including a counterfeit NACHA logo and the citation of NACHA’s physical mailing address and telephone number.
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