SWIFT

The Society for Worldwide Interbank Financial Telecommunication, legally S.W.I.F.T. SCRL, provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment.

Source: en.wikipedia.org

Swift Inks Deal With Federal Reserve Banks, The Clearing House For Swift gpi
Swift Inks Deal With Federal Reserve Banks, The Clearing House For Swift gpi
March 14, 2017  |  Payment Methods

Swift, the payment processing company, announced Monday (March 13) it has reached a deal with the Federal Reserve Banks and the Clearing House in order...

READ MORE >
North Korean Banks Barred From Swift Interbank Messaging System
North Korean Banks Barred From Swift Interbank Messaging System
March 08, 2017  |  International

Internationally sanctioned North Korean banks have now been banned by Swift — meaning said banks are now barred from using the global financial messaging service, according...

READ MORE >
SWIFT Says Bunch Of Banks Are Using Its gpi
SWIFT Says Bunch Of Banks Are Using Its gpi
February 17, 2017  |  Banking

SWIFT announced Thursday (Feb. 16) that global transaction banks are using SWIFT’s new global payments service, which went live in January. In a press release, SWIFT...

READ MORE >
SWIFT Pressures Member Banks To Enhance Cybersecurity
SWIFT Pressures Member Banks To Enhance Cybersecurity
February 03, 2017  |  B2B Payments

SWIFT is putting the pressure on its members to enhance their cybersecurity capabilities, according to reports by SC Magazine. According to the publication, SWIFT is encouraging and,...

READ MORE >
Pelican Has New AI Technology To Fight Fraud
Pelican Has New AI Technology To Fight Fraud
February 02, 2017  |  Fraud Prevention

Pelican, a global provider of payments and compliance solutions for banks and corporates, is using the latest in technology to protect its clients from wire...

READ MORE >
SWIFT Now Looking At Blockchain For Interbank Payments
SWIFT Now Looking At Blockchain For Interbank Payments
January 13, 2017  |  B2B Payments

Financial messaging firm SWIFT made its first public embrace of blockchain technology last year with a whitepaper exploring the use of the technology for smart...

READ MORE >
Attempted Cyberattack Cost Turkish Bank $4M
Attempted Cyberattack Cost Turkish Bank $4M
December 19, 2016  |  Security & Fraud

Turkey’s Akbank financial institution was targeted by hackers via the SWIFT global money transfer system earlier this month. While the bank confirmed no customer data...

READ MORE >
Hackers Won’t Let SWIFT Catch A Break
Hackers Won’t Let SWIFT Catch A Break
October 14, 2016  |  Security & Fraud

Another day, another cyberthreat on SWIFT. The global interbank messaging system, which is used to move trillions of dollars each day and has quickly become...

READ MORE >
Another Group of Hackers Target Swift, According To Symantec
Another Group of Hackers Target Swift, According To Symantec
October 12, 2016  |  Security & Fraud

A second hacking group is targeting banks through the Swift Inerbank Messaging system, according to a report out from cyber-security firm Symnatec yesterday (Oct. 11)....

READ MORE >