Interbank Network
/ˌɪntərˈbæŋk ˈnɛtwɜrk/
Definitions
- (n.) A system enabling banks to exchange financial transactions and data securely across institutions.
The interbank network facilitates seamless electronic transfers between different banks.
Forms
- interbank network
- interbank networks
Related terms
See also
Commentary
Often governed by regulatory frameworks to ensure security and interoperability across banks.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.