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SWIFT

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ALSO CALLED: SWIFT (Messaging Format), Society for Worldwide Interbank Financial Telecommunication
DEFINITION: Founded in Brussels in 1973, the Society for the Worldwide Interbank Financial Telecommunication (SWIFT) is a co-operative organization dedicated to the promotion and development of standardized global interactivity for financial transactions. SWIFT's original mandate was to establish a global communications link for data processing and a common language for international financial transactions. The  … 
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SWIFTReports
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Parsing a SWIFT Message
sponsored by IONA Technologies
WHITE PAPER: This white paper will take you through a real life example of how to parse, validate and test a 5-part SWIFT message. Discover a tool that can speed up this lengthy process with source code that parses, validates and provides full APIs.
Posted: 03 Oct 2007 | Published: 01 May 2007

IONA Technologies
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SWIFT DEFINITION (continued): …  Society operates a messaging service for financial messages, such as letters of credit, payments, and securities transactions, between member banks worldwide. SWIFT's essential function is to deliver these messages quickly and securely -- both of which are prime considerations for financial matters. Member organizations create formatted messages that are then forwarded to SWIFT for delivery to the recipient member organization. SWIFT operates out of its Brussels headquarters and processes data at centers in Belgium and the United States.SWIFT currently provides messaging and transaction processing … 
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