Resources for Payment Card Industry (PCI)

FFIEC: FedLine, IT Examination Handbook

FFIEC

The FedLine Booklet is another in the series that comprises the Federal Financial Institutions Examination Council (FFIEC) IT Examination Handbook (IT Handbook). This booklet replaces Chapter 19 of the 1996 Federal Financial Institutions Examination Council (FFIEC) Information Systems Examination Handbook. It addresses the risks, risk management practices, and mitigating controls necessary to establish and maintain an appropriate operating environment for the FedLine Funds Transfer (FT) application. FedLine is the Federal Reserve Bank’s proprietary electronic delivery channel for financial institution access to Federal Reserve financial services, and includes DOS-based FedLine and FedLine for the Web. FedLine for the Web is available to financial institutions for access to financial services deemed low-risk by the Federal Reserve but does not currently offer access to high-risk payment-related applications such as funds transfer. Future updates to this booklet will incorporate the risk considerations and controls associated with the FedLine for the Web environment, including high-risk payment applications such as funds transfer, as the Federal Reserve introduces these additional features for financial institution use.

FedLine is a stand alone, PC-based hardware and software package providing financial institution access to accounting, Automated Clearinghouse (ACH), book-entry securities, cash, check, treasury services, and Fedwire funds transfer applications. These applications allow for the creation and transmission of payment messages, account balance monitoring, and other functions performed via encrypted dial-up sessions with
the Federal Reserve Bank’s host computer.

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