SWIFT

In the last few decades, transferring of money had been through A T M (automatic transferring money) or business card because of its security issues. Beforehand, the transferring of money from one account to another account in companies or institutions had been via transmission. Nowadays, however, electronic system and huge classified institutions among them Swift and others are branches of electronic net payment. Since the basic aim of Swift is transferring messages to facilitate bank operations, the members of Swift not only did use this net for sending messages which is related to transferring of money, but also they used this net for facilitating currency operations, bank interest, and securities transactions In this paper, we will try to introduce Swift (international financial institution) and its services and advantages as well as its structure.