Quote:
Originally posted by rowan
I've never had any problems with international wires, the funds are usually in my account less than 24 hours after they are sent...
Both US->AU and EU->AU
Migrating to IP sounds a bit scary. I wonder how many banks already run "private" encrypted networks over public internet links? They also LOVE Windows servers! 
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The IP network SWIFT started to use, is , as strange as it may sound, VERY private. There are only about 5-10 agreed providers in the whole world (ATT, BTTelecom, etc.) that will be allowed to provide IP services to the SWIFT network. This providers have to create a dedicated network of circuits and lines, routers and etc to be used 100% for the SWIFT network....no other traffic, exempt for the SWIFT traffic will be allowed to pass trough this dedicated setup....so this actualy is a REAL PRIVATE IP network...in countryes where none of the agreed providers have a point of presence, they have to create one (sometimes by subcontracting with a local big ISP) but they will have to stick to the same 100% dedicated setup.....
The BIG change > IP Network will bring A LOT of new services to the SWIFT system......and you will see in the near future the SWIFT system used by big international private companyes to exchage messages in a secure and certified enviroment , as SWIFT is planning to launch an offer to private companyes as soon as the change is over....also SWIFT will try to push an entry on the US market....