Swift Erases User Doubts About Long-Awaited Upgrade
THIS WEEK'S LEAD STORIES
The announcement this month by the Society for Worldwide Interbank Financial Telecommunications that it plans to implement its long-awaited SWIFT II network this year was met with relief among users. It also quashed banks' doubts that the system wouldn't appear at all.
SWIFT users look to SWIFT II for such benefits as enhanced network security, increased capacity, and new file transfer services that will allow them to send entire documents over the network rather than the preformatted data they
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