Swift to Give Back $41M in Rebates

OPERATIONS AND STP

ATLANTA, Ga.—Approximately 95 percent of all Swift customers have made the migration to the SwiftNet IP-based messaging services, and 85 percent of all FIN traffic has made the switch, according to Swift's CEO Leonard H. Schrank who made the announcement at Swift's Sibos conference in Atlanta last week.

As it did last year at Sibos, Swift announced a rebate—this time, a 10 percent give-back on 2004 FIN core store-and-forward messaging services. FIN services include message validation to guarantee

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