Wednesday, July 19, 2006

ACLU suggests US may be spying on three other financial services

Raw Story:

The three systems are:

* Bolero: The Bill of Lading Electronic Registry Organization is an electronic exchange of trade for documents such as bills of lading (descriptions of shipped goods that control ownership of property when it is in transit). Owned in part by SWIFT, Bolero counts many of the world's largest corporations as customers.
* CHIPS: The Clearing House Interbank Payment System, another financial transfer service, is privately owned by the New York Clearing House Association. It primarily handles international funds transfers denominated in U.S. dollars for banks and their large customer transactions. Customers include most of the major U.S. banks.
* Fedwire: A wire transfer service run by the Federal Reserve, Fedwire allows U.S. banks to transfer funds to other participants on behalf of each other and their customers.

Mmmmm. Big brother.


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8/12/2006 11:10 AM  
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8/17/2006 3:33 PM  

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