US electronic transfer system the US Federal Reserve's electronic system for transferring funds
Value-added services may include the provision of an aggregation capability to all payment processing systems globally. This means that you only need to link to one bank in order to gain access to payment processing via SWIFT, Fedwire, CHIPS, SEPA systems such as the Euro Banking Association’s STEP2
By Chris Skinner
Definitions of ’Fedwire’ and meaning of ’Fedwire’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’Fedwire’ and other financial terms with our online QFINANCE Financial Dictionary.