SWIFTA bank-owned cooperative supplying secure message services and interface software to thousands of banks throughout the world.
TelexA system that utilizes a typewriter connected to a telephone network used to send and receive written communications.
Inward RemittanceA non-credit payment received by a bank from another bank, including cash, checks and EFT.
Outward RemittanceA non-credit payment made by a bank to another bank，including cash, checks and EFT.
Mail TransferA transfer of money by a method other than EFT, seldom used now because of inefficiencies.VerificationA check made to confirm the correctness of a payment or authority.