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Society for Worldwide Interbank Financial Telecommunication

Overview#

Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a network that enables Financial Institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment.

Society for Worldwide Interbank Financial Telecommunication also sells software and services to financial institutions, much of it for use on the SWIFTNet Network, and ISO 9362. Business Identifier Codes (BICs), previously Bank Identifier Codes) are popularly known as "SWIFT codes".

Society for Worldwide Interbank Financial Telecommunication transports financial messages in a highly secure way but does NOT hold accounts for its members and does not provide any form of Funds Transfer System.

SWIFT is also Registration authority (RA) for the following ISO standards: [7]

In RFC 3615 urn:swift: was defined as Uniform Resource Names (URNs) for SWIFT FIN.[8]

More Information#

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