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Tagged: swift
Anatomy of an MT103: Reading a SWIFT Wire Field by Field
4 min read
What actually happens when you wire money internationally? Here's a plain English, real world walkthrough of the message, an MT103, that carries your wire from one bank to another.
paymentsswiftmt103fintech
Wire vs. ACH vs. ISO 20022: A Field Guide to How Money Actually Moves
5 min read
Every payment travels over one of a small number of rails. Here's a simple, plain English breakdown of the three you'll run into most, wires, ACH, and ISO 20022, with real world examples for each.
paymentsswiftachiso20022fintech