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Mercator: Modernizing Wire Transfers

Mercator Paper 1: Wires

Mercator: Modernizing Wire Transfers

In this first in a series of three briefings that explore key aspects of payments modernization, Mercator Advisory Group discusses critical efforts needed for banks and other financial institutions to extend or replace their legacy wire payments processing infrastructure silos. Wire transfers represent the vast majority of value exchanges in the United States and a core bank delivery system for multiple use cases. To keep financial institutions competitive during the next 10 years, aging wire transfer payments capabilities should be part of the modernization mix.

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