Society for Worldwide Interbank Financial Telecommunication (SWIFT) supplies secure messaging services and interface software to wholesale financial entities.
Swift (Society for Worldwide Interbank Financial Telecommunication) provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment.
Swift, which stands for Society for Worldwide Interbank Financial Telecommunication, is a cooperative that is a vital component in global interbank transfers.
Swift -- which stands for the Society for Worldwide Interbank Financial Telecommunication -- has emphasized that none of its core systems were infiltrated by the hackers.
Swift refers to the Society for Worldwide Interbank Financial Telecommunication whose messaging system is commonly used by banks for international transactions.