Funds Transfer System (FTS)
The Lighthouse Funds Transfer System Gateway (FTS) product provides a file-oriented mechanism for delivery and receipt of payments through a Fed-certified FLASH interface using a computer interface link. The system accepts files of formatted payments from an external message preparation system for delivery to the Federal Reserve System Funds Transfer application, and receives payments, reports, and control messages from the Fed for export as batched files. FTS supports delivery and receipt of all message formats defined in the Fed Funds Transfer Computer Interface Protocol Specification. The product's client interface provides browsing, printing, system control, and file maintenance functions under an application-level security interface. FTS runs on Windows 2000 network platforms.
The FLASH interface maintains the communications link with the Federal Reserve system Funds Transfer application. Payments are sent and received over the interface, along with reports, report requests, acknowledgements, and control messages. All messages are audited on the Send and Receive message tables. Delivery status is retained in a Checkpoint table that permits session recovery over communications interface failure without loss or duplication of traffic.