The
Society for Worldwide Interbank Financial Telecommunication (
SWIFT) provides a network that enables
financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment. SWIFT also sells
software and services to financial institutions, much of it for use on the SWIFTNet Network, and
ISO 9362. Business Identifier Codes (BICs, previously Bank Identifier Codes) are popularly known as "SWIFT codes".