6 Ways to Protect Your Business – International Wire Trends

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6 Ways to Protect Your Business – International Wire Trends

Postby kreslik.news » Tue Jun 21, 2016 10:06 am


This article was written by Isaac T. Armoni, head of Legal and Chief Compliance Officer for Moneynetint

Let’s go back in time – in the past when a merchant received a wire transaction, it was considered the most secured method of payment.

Using the SWIFT system, money is transfered from one bank to the other and the account of the merchant was credited with the amount wired.

It was considered so safe, that suppliers delivered the product F.O.B (free on board) or provided the service based solely on a SWIFT message copy confirming that the funds were sent and ... (read more)

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