Re:They have not been trained for this – CCC supports train ...
by RandomThoughts3 on Saturday December 28, 2024 @10:07AM
(#42531521)
SWIFT is not a payment system. It’s only a messaging system. It’s generally used to send initiating orders between financial institutions but they then have to be cleared or directly settled through something else.
Re:They have not been trained for this – CCC supports train ...
by immibis on Monday December 30, 2024 @04:22AM
(#42547842)
IBAN isn't a payment system either, but I'm talking about the end user experience: insert account number, insert amount, click send. Sometimes you also need the SWIFT code which specifies the receiving bank.
It’s not; SWIFT is, and that requires additional information not shown there (although some of it is encoded in the IBAN if you know how to decode it).