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A comment on The Fed Is Down. Parent comment

Re:The Fed Is Down by xtracto on Wednesday February 24, 2021 @03:28PM (#26255348)
I deal with the ACH network on a daily basis and let me tell you it IS broken. The fact that you only receive negative ack when a transaction fails, otherwise you have to pray your transaction went through is so bad it sounds like a joke.

For comparison, the third world underdeveloped country where I live has an electronic cash transfer system allowing me to send ANY amount of money in 10 minutes at most for $0.5 usd.

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Re:The Fed Is Down by throwaway20875 on Wednesday February 24, 2021 @03:53PM (#26255713)
I worked in fintech in NYC for a bit. The technology driving most critical financial infrastructure in the US is astoundingly antiquated. It is only sustained through the sheer amount of bodies and ingenuity thrown at it.
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