Webinar 'Demystifying Banking Series - SWIFT for Payments' is fifth in the series of our "Demystifying Banking Series" of webinars.
The focus of this webinar is to understand basics of SWIFT messages that are used for payments in industry.
• This is a unique opportunity to gain knowledge on SWIFT messages used for customer and Financial institution fund transfers.
• Leading trainer will be sharing his expertise and answering your questions on SWIFT messages used in payment area.
Key topics that will be discussed
1.What is SWIFT?
2. SWIFT Services for Banks
3. SWIFTNet messaging category MT 1,2,and 9
4. SWIFT MX messages Pain, Pacs and Camt messages
We are a group of programmers with one software that can be used to Flash a bank account, Savings, Current/Joint Account, any type of account. what I mean by flashing a bank account is that my programme will send fund credit to the bank account and the owner of the account will receive an SMS that the account has been credited, account officer also will confirm the arrival of the funds but meanwhile the money will not be in the account after 12 hours of flashing the account.
Min Amount To Flash is 1MLN, Max Amount To Flash is 500MLN at once. Can flash with any currency type, Dollar, Euro, Pounds Etc... Any country currency type can be flashed into any account with any amount. Live and direct...
For our procedure.
Contact Mr. Umer Bashir
Email: [email protected]
Phone: +44 1173 256 870
Sir I my bank sbi Nagpur says Mt 103 is not received howevr 202 cov is received so how can give u payment 0f 1800 USD sir can u help to whom contact as bank denied to any help.this is the money earned through Adsense plz help me
Nice presentation. however it has few mistakes
First - Indian RTGS system uses ISO20022 but it doesnt use the SWIFT network. It is incorrect to call it MX messages.
Second - at 19.30, slide 5, the message from bank A to bank B goes through SWIFT and the mechanism at SWIFT is where the message is held temporarily and a subset of it is sent to the central system. This slide is not clear and doesnt give the correct picture of the flow.
Animesh, MT101 is a push message i.e. a message used for sending money and crediting the beneficiary, whereas MT104 is a pull message i.e. a message used for debiting a customer and collecting money from the customer. Are you having MT103 in mind ?
Bharath, here in my reply the assumption is that the salary payment is not a book transfer and the employer and employees have accounts with different banks. In such a case, a clearing system using SWIFT MT may process an MT103.
When Diamond Bank pays salary to employees, it can use either MT102 (multiple customer credit transfer) or MT103 (single customer credit transfer : where a separate message for each employee salary has to be created). MT950 is a non-value message providing details of transactions in a customer account i.e. it is a statement of account.
Tax Deposit Information For the date range, provides taxable earnings totals, Federal 941, 940 and State tax deposit information.
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Employee Advance Summary For the date range lists Advances paid and repaid with beginning and ending balances, one line per employee.
Employee Payroll Summary Lists for the date range Gross Pay, Total Withholdings, Credits, Reimbursements, Advances and Checks Total, one employee per line.
Payroll Journal Summary.
Payroll Journal Summary For the date range selected provides posting debit and credit totals for the Accounting sections Assets, Liabilities, Revenue and Expenses, with totals by General Ledger account number within each section.
Tax Liability Summary.
Form 941 Information For the date range selected, provides total Federal and State taxable wages, EIC credits, and other tax deposit information relevant to the 941 report.