SWIFTNet
SWIFTNet is the latest version of SWIFT based on Internet Protocols,operating as a private network disconnected from the World-wide Web, which allows for unsurpassed security, data integrity, and confidentiality of your data. In addition to its previous function of serving as a bank-to-bank messaging platform for high and low-value local and foreign currency payments, the new version of SWIFT has the capability of serving as a company-to-bank payment messaging platform.
Key competitive advantages in using our SWIFTNet solution:
- One interface toward clients all servicing banks
- Messaging format fully compatible with BISERA, RINGS, foreign currency transfers, and free format messages
- Single, private network, based on leading edge Public Key Infrastructure (PKI) for client-to-client security, connecting the client to all its servicing banks
- No need to use World-Wide Web for either payments or data retrieval
- Standardizes the payment process for all corporate units
- Allows for greater degree of automation between electronic banking and internal accounting system
- Receive electronic statements for account activity anytime the client needs them
