Three-dimensional images are expected jump out of movie theaters and into living rooms by next year.  Sony and Panasonic say they will release home 3-D television systems in 2010; Mitsubishi and JVC are reported to be working on similar products. “TV finally becomes real” in three dimensions, said Robert Perry, an executive vice president at Panasonic. “You’re in it. It’s the next frontier.”

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The Obama administration has unveiled a government “app store” designed to push the federal bureaucracy into the era of cloud computing. The change means some federal employees will begin using services like YouTube, Gmail and WordPress, which store data on private Internet servers instead of on those paid for with public money.

Story Highlights

• The “app store” would be for federal workers doing government business
• The site, at apps.gov, seeks to offer and explain cloud computing programs
• The administration says such programs could save the government money
• Google also announces a “government cloud” where public data may be stored

Full Article on CNN

Every depository financial institution (DFI) needs to understand the impact of the new rule on its ACH operations regarding OFAC compliance.  DFIs can contract with other parties for ACH processing services but cannot contract away their liabilities and obligations related to OFAC compliance.

Also see, OFAC Compliance Implications

References

1. There is a letter from the dept of treasury regarding the responsibilities at the bottom of this link
2. FFIEC guideline before the IAT requirement
3. OCC (old document again from 2006). See page 8 and 9
4. NACHA guidelines
5. NACHA Readiness checklist
6. ABA Preparedness Checklist
7. OFAC Letter to NACHA on purely domestic ACH (this is from 1997)

References for corporate

1. IAT for Corporate practitioners (PPT)
2. IAT for Corporate Practitioners (Word)
3. FAQ for Corporate

Resource Centers

1. NACHA Resource Center
2. FRB Resource Center

FAQ and Q&A

1. NACHA FAQ revised 2/27/09
2. NACHA FAQ for Corporate
3. NACHA Q&A

Survey

1. IAT Rediness Survey – FRB