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SWIFT
SWIFT is an acronym for Society for Worldwide Interbank Financial Telecommunication.
SWIFT is an acronym for Society for Worldwide Interbank Financial Telecommunication. It is a secure, global messaging network that banks use to make electronic cross-border payments safely and conveniently. Most businesses use SWIFT to make wire transfers and accept payments from customers as SWIFT is the fastest way to make an international payment. Businesses or individuals may be asked for their SWIFT code, which would be a series of 8 to 11 numbers that identifies the bank the payment is to be sent to.
Related Glossaries
Compliance
Compliance exists to ensure that banks operate with integrity.
Tax collection
A tax collection is the act of collecting the taxes owing.
IBAN
IBAN is an acronym for International Bank Account Number.
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