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SWIFT Payments and SWIFT Codes Explained

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) runs a global network connecting thousands of financial services companies and handling millions of transactions every day. Its SWIFT Payments are a popular method for sending funds from one country to another, and they are a relatively fast way to conduct international wire transfers. Here is a primer for companies looking to master the basics of SWIFT Payments and Codes, weighing factors such as ease-of-use, security, and payments fees.

 

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