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VISA (or Mastercard) do not 'run on top of' SWIFT. The net position of each VISA/MC institution will be transferred with SWIFT, but this is one payment with pot
by EthicalHacker03 6y ago
VISA (or Mastercard) do not 'run on top of' SWIFT. The net position of each VISA/MC institution will be transferred with SWIFT, but this is one payment with potentially millions of underlying card transactions.
- JumpCrisscross 6y ago> will be transferred with SWIFT Nitpick: nothing gets transferred with SWIFT. SWIFT is a messaging service. Settlement happens on separate rails.