Programming for bank

[PRESENT321@gmail.com]

Re: Programming for bank

While we're on the subject of liability, I've got another question.
I'm just a regular person right now. How would you rate the importance
of creating a corporation to do business through?

Matthew

[NC]

Re: Programming for bank

PRESENT321@gmai l.com wrote:[color=blue]
>
> While we're on the subject of liability, I've got another question.
> I'm just a regular person right now. How would you rate the importance
> of creating a corporation to do business through?[/color]

Liability is not the only issue here. Tax considerations are
important, too. Maintenance of a corporation will cost you a few
hundred dollars a year (filing fees vary by state). On the plus
side, you may be able to increase your tax deductions. You should
talk to your accountant...

Cheers,
NC

[PRESENT321@gmail.com]

Re: Programming for bank

While we're on the subject of liability, I've got another question.
I'm just a regular person right now. How would you rate the importance
of creating a corporation to do business through?

Matthew

[Jerry Stuckle]

Re: Programming for bank

PRESENT321@gmai l.com wrote:[color=blue]
> Ooooh, that kind of transactional processing! Doh!
>
> Yes, I have done this. Our web site uses MSSQL Server 2000, and we're
> awaiting the arrival of v2005. I have set up our site with a degree of
> transactional processing.
>[/color]

But do you use transactional processing? It's quite a bit different
than non-transactional, and most web sites do NOT use it. And when
you're dealing with potential concurrent updates from multiple sources,
it's a huge concern.

A shopping cart doesn't really need full transactional processing. A
bank does.

[color=blue]
> By the way, thanks for your incredibly through and thoughtful response!
>
> I'll ask my insurance agent about that Errors and Commissions
> insurance. Those are some sobering issues you brought up.
>[/color]


You'll probably have trouble finding it - it's not common and it is
expensive. But if you're working as a contractor, it's a necessity.
Where I got mine was through the ICCA - http://www.icca.org.

[color=blue]
> Of course, ideally the code will work perfectly. Is there a firm that
> offers some kind of auding service to be sure the code is secure before
> the project is finilized?
>[/color]

Probably, but I've never used one. I ensure I have a good design and do
a lot of testing at all levels.

[color=blue]
> Also, do you have a feel for what kind of hourly rate I should be
> asking for?
>[/color]

It depends on your skills, your experience, your company, the part of
the country (or world) you live in, whether its raining and which side
of the bed you got up on last Tuesday. I would say somewhere between
$20 and $225 per hour.

Seriously - it is a huge range. And it does depend on a lot of factors
which are outside the range of this group. Try your business questions
in alt.computer.co nsultants.moder ated.
[color=blue]
> Lastly, this bank is a local credit union. Is it worth the trouble?
> Not that you have any way of knowing :-)
>
> Matthew
>[/color]

Only you can answer that. What's worth the trouble to me is quite a bit
different than it is to you.

--
=============== ===
Remove the "x" from my email address
Jerry Stuckle
JDS Computer Training Corp.
jstucklex@attgl obal.net
=============== ===



--
=============== ===
Remove the "x" from my email address
Jerry Stuckle
JDS Computer Training Corp.
jstucklex@attgl obal.net
=============== ===

[Jerry Stuckle]

Re: Programming for bank

PRESENT321@gmai l.com wrote:[color=blue]
> While we're on the subject of liability, I've got another question.
> I'm just a regular person right now. How would you rate the importance
> of creating a corporation to do business through?
>
> Matthew
>[/color]

Again, check alt.computer.co nsultants.moder ated - it's more appropriate
to this question.

--
=============== ===
Remove the "x" from my email address
Jerry Stuckle
JDS Computer Training Corp.
jstucklex@attgl obal.net
=============== ===

[PRESENT321@gmail.com]

Re: Programming for bank

Hmm. I apologize for taking this so far afield.

Now I'm in something of a quandary. This thread has so much good info!
Is it better to start a new thread over there, or post a pointer to
this one?

Matthew

[Jerry Stuckle]

Re: Programming for bank

PRESENT321@gmai l.com wrote:[color=blue]
> Hmm. I apologize for taking this so far afield.
>
> Now I'm in something of a quandary. This thread has so much good info!
> Is it better to start a new thread over there, or post a pointer to
> this one?
>
> Matthew
>[/color]

Matthew,

You're getting off on another topic - business issues. It's better to
discuss those in a business group.

Just start a new thread over there.

--
=============== ===
Remove the "x" from my email address
Jerry Stuckle
JDS Computer Training Corp.
jstucklex@attgl obal.net
=============== ===

[PRESENT321@gmail.com]

Re: Programming for bank

Quoting Jerry:
But do you use transactional processing? It's quite a bit different
than non-transactional, and most web sites do NOT use it. And when
you're dealing with potential concurrent updates from multiple sources,
it's a huge concern.

Short answer: yes, I have used transactional processing. But only a
minimal amount.
Something like:
Insert junk into orders;
SELECT MAX(ID) AS OrderID from orders;
Wrapped in a transaction.

If two orders go in spectacularly close, the transaction will still
work properly.
I'm sure I have much more reading on the subject :-)

Quoting NC:
You understand SSL very well.

Hmm. I know that it encrypts data as it travels over the Internet, and
should be used for all sensitive form submissions and all pages
containing sensitive information.
Is there anything more a person needs to know?


Quoting NC:
You have basic domain expertise in banking (i.e., you know what a
routing number is, etc.)

Hmm. I do know what a routing number is, but only because I set myself
up with PayPal. Not really that incredible.
I suspect this might be my weakness.

Does anyone have any suggestions for learning more on the subject?

Matthew

[PRESENT321@gmail.com]

Re: Programming for bank

Gottcha. I'll stick to the technology issues here from now on.
Thanks Jerry!

[Jerry Stuckle]

Re: Programming for bank

PRESENT321@gmai l.com wrote:[color=blue]
> Quoting Jerry:
>
> Short answer: yes, I have used transactional processing. But only a
> minimal amount.
> Something like:
> Insert junk into orders;
> SELECT MAX(ID) AS OrderID from orders;
> Wrapped in a transaction.
>[/color]

There is a lot more to transactional programming than this.

For instance - how to you handle updating a record? I.E. a guy checks
his checking account balance and finds they has $500 in the account.
So, he decide to transfer $300 to savings - so he does it. But between
the time he checked his balance and he transferred the money, his wife
got $300 from the ATM. He is now overdrawn.

[color=blue]
> If two orders go in spectacularly close, the transaction will still
> work properly.
> I'm sure I have much more reading on the subject :-)
>[/color]

It's more than just reading. It's something which takes experience.

[color=blue]
> Does anyone have any suggestions for learning more on the subject?
>
> Matthew
>[/color]

You really need to get some experience in the banking world, ideally by
working as part of a team where you can learn the ins and outs of what's
required.

--
=============== ===
Remove the "x" from my email address
Jerry Stuckle
JDS Computer Training Corp.
jstucklex@attgl obal.net
=============== ===

[Default User]

Re: Programming for bank

PRESENT321@gmai l.com wrote:
[color=blue]
> Quoting Phal:[/color]
[color=blue]
> Quoting Phal:[/color]


To get proper quoting and attributions with the Google interface, don't
use the Reply at the bottom of the message. Click "show options" and
the Reply shown in the expanded message header.



Brian

--
If televison's a babysitter, the Internet is a drunk librarian who
won't shut up.
-- Dorothy Gambrell (http://catandgirl.com)