fed wire

Fed Wire

An electronic system allowing the quick transfer of funds and securities between banks. The fed wire exists to settle large transactions between banks so that they can continue to extend credit to each other and to customers. It is operated by the Federal Reserve and is more formally known as the Federal Reserve Wire Network. See also: Real-time gross settlement system (RTGSS).

fed wire

A high-speed communications system for transferring funds and ownership of book-entry securities between banks. The fed wire is used to move bank reserves and to make credit available without delay.
References in periodicals archive ?
BankServ provides outsourced Fed wire transfer processing to banks both large and small, and SWIFT software and Service Bureau functionality to banks worldwide.
MIG and flux cored welding involve a continuously fed wire that functions as a consumable electrode.
The second method is the Fed Wire system, under which the taxpayer initiates a transfer from its bank's wire room to the wire room at the State's bank.
Adding these standards, which include SWIFTNet Cash Reporting, SWIFTNet Funds, SWIFTNet Exceptions and Investigations, Fed Wire (Federal Wire) and clearing house interbank payment systems (CHIPS), will enable companies to accelerate global financial data movement and thrive in a highly competitive banking business environment.
provider of Fed wire transfer, SWIFT and TurboSwift, ACH and Check 21 payment solutions for banks, governments, higher education and businesses.
In these processes, continuously fed wire functions as a consumable electrode.
The second method of payment is the Fed Wire method, under which the taxpayer initiates a transfer from its bank's wire room to the wire room at the State's bank.
BankServ is a leading global provider of secure Fed wire transfer, SWIFT and ACH payment solutions as well as Remote Deposit capture for banks, governments and businesses.
BankServ is a leading global provider of secure Fed wire transfer, SWIFT, Check 21 and ACH payment solutions for banks, governments and businesses.
provider of Fed wire transfer, SWIFT and ACH payment solutions for banks, governments, higher education and businesses.
Kvederis, is proof that BankServ's sophisticated Fed wire service bureau network has become accepted as the standard for mid-sized and regional banks to automate their Fed wire transfer operations.
Founded in 1996, BankServ is a leading provider of Fed wire processing to financial institutions of all sizes nationwide and SWIFT software for international financial message transmission to financial institutions around the world.