NOVADIB: a novel architecture for asynchronous, distributed, real-time banking modeled on loosely-coupled parallel processors

The author observes that the banking process may be mathematically mapped to a discrete-event simulation system wherein deposits, withdrawals, and transfers may be modeled as events that are introduced into the system asynchronously. An architecture, NOVADIB, is proposed for the check processing subsystem of the Federal Reserve System. It distributes the processing to multiple concurrent cooperating computers at many sites to achieve real-time transaction processing. A user's most recent account balance and the banking privileges of withdrawal, deposit, and transfer are available transparently at any bank within the USA. The ability to initiate multiple transactions corresponding to a single account, simultaneously in time, at different geographical points, is permitted by NOVADIB. NOVADIB guarantees the accuracy of every transaction. The NOVADIB architecture requires that the banking nodes be connected through a ring network. Performance analysis indicates that this approach achieves a very high throughput for transaction processing.<<ETX>>

[1]  Charles E. McDowell,et al.  Debugging concurrent programs , 1989, ACM Comput. Surv..

[2]  Carl Hein,et al.  The Design of a GaAs Systolic Array for an Adaptive Null Steering Beamforming Controller , 1987, Computer.

[3]  L. Snyder,et al.  Parallel Programming and the Poker Programming Environment , 1984, Computer.

[4]  Marietta Randall.  Writing “note words” , 1988 .

[5]  David B. Humphrey,et al.  Payments System Risk, Market Failure, and Public Policy , 1987 .

[6]  D.R. Richards,et al.  The value of ISDN for banking applications , 1990, IEEE Communications Magazine.

[7]  Linda K. S. Moore.  Payments and the Economic Transaction Chain , 1987 .

[8]  D. Mengle,et al.  SIC: Switzerland's New Electronic Interbank Payment System , 1988 .

[9]  R. H. Cardwell,et al.  Survivable network architectures for broad-band fiber optic networks: model and performance comparison , 1988 .

[10]  Colin W. Gillis.  MADCAPP: Measurement and analysis of high-level communications of asynchronous distributed algorithms on parallel processors , 1992, Simul..

[11]  R. Ballart,et al.  SONET: now it's the standard optical network , 1989, IEEE Communications Magazine.

[12]  T.-H. Wu,et al.  Feasibility study of a high-speed SONET self-healing ring architecture in future interoffice networks , 1990, IEEE Communications Magazine.

[13]  Kris Vanstappen,et al.  Designing and building a user interface for an on-line banking service: a case study , 1990 .

[14]  Harvey F. Silverman,et al.  System and application software for the Armstrong multiprocessor , 1988, Computer.

[15]  Hasan B. Mutlu,et al.  Synchronous optical network and broadband ISDN protocols , 1989, Computer.

[16]  T.S. Perry.  Electronic banking goes to market , 1988, IEEE Spectrum.

[17]  S. Ghosh,et al.  An asynchronous distributed discrete event simulation algorithm for cyclic circuits using a data-flow network , 1991, Conference Proceedings 1991 IEEE International Conference on Systems, Man, and Cybernetics.

[18]  Sumit Ghosh,et al.  A novel algorithm for discrete-event simulation: asynchronous distributed discrete-event simulation algorithm for cyclic circuits using a dataflow network , 1991, Computer.