3 A B C D E F G H I J L M N O P Q R S T V W

Funds Transfer System

on Sep20

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.


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