SWIFTNet Transmission Service (STS) is a high-speed bulk transmission channel that utilises the popular SWIFTNet FileAct connectivity solution. It meets the data security specifications of SWIFT and also conforms to the standards set for Bacs payments and Faster Payments.
STS is a high-speed bulk transmission channel that uses SWIFT’s strategic messaging technology. It is designed for banks and businesses that have chosen SWIFT as their strategic channel for payments and payment related information. Our customers use STS to submit input to Bacs processing services and to collect output and also to make bulk input of standing orders to the UK Faster Payments service.
Key benefits:
- Optimal configuration of the SWIFT network provides maximum throughput for customers
- VocaLink provides end-to-end non-repudiation, achieving data integrity
- Open standards technology makes it easily understood and cost-effective to integrate
- Compatible with SWIFTNet architecture already used within your organisation.