Enacted â Signed by the President. The President signed the bill and it became law. This is a House of Representatives bill in the United States Congress (indicated by the âH.R.â in âH.R. 2647â). A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Real-time processing can help banks deliver a blended multichannel experience. For example, consider a customer who has an opening balance of $250. That customer today deposits $750 through the ATM. In a near real-time environment, the customer must wait up to a day or two for the bank processes that deposit before the funds become available. In a real-time processing system, that $750 deposit would be cleared promptly, allowing the customer to make a transaction using the bankâs debit card, whether online or through a smart phone.
Real-time operating systems for high volume products must use a minimal amount of memory and must operate with the low cost microprocessors typically used in such systems. The expensive microprocessor and memory required by a traditional operating system would increase the production cost of a low cost electronic product, such as a supermarket bar code scanner or an ink jet printer, to an unprofitable level.