Wiring money to the Federal Reserve Bank has never been easier
Simplify the process of sending money to the Federal Reserve Bank (FRB) with Jack Henry Banking’s DirectLine Wires solution. This seamless service offers a convenient way to transfer funds at a fraction of the cost that your bank would spend processing your own incoming and outgoing wires.
DirectLine® Wires – Real-time wire transfer service between SilverLake and the Fed
DirectLine Wires enables banks to make real-time incoming and outgoing wire transfers between the SilverLake System® and the Federal Reserve Bank (FRB). This seamless solution serves as a hosted communications channel for FedLine DirectSM, the IP-based payment solution that provides a highly secure computer-to-computer interface to the Fedwire® Funds Service, the world’s largest high-speed electronic payment system. DirectLine Wires stores wire history directly in the SilverLake System, which improves research time, enables quicker modifications, and allows users to resend wires that were previously rejected by the FRB easily and securely. This solution simplifies the processes of balancing and sending multiple batch wire files to the FRB, it helps eliminate the possibility of duplicating outgoing wires, and provides confirmation that wires were received by the FRB through its integration with NetTeller Cash Management™.
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