Funds Transfer System

on Aug5

Short description of Funds Transfer System

A communication system like a wire transfer network, ACH or association of banks of which a bank is a member and through which payment orders from the bank can be sent. Some well-known funds transfer systems include MasterCard and Visa as well as CHIPS, SWIFT, Fedwire and the National Association of Clearing House Associations, among others.



Previous postFraud Prevention Suite (FPS) Next postInterchange

Copyright© 2022, United Thinkers LLC