Proper noun
Fedwire
(US, economics) The Federal Reserve Wire Network, a real-time gross settlement funds transfer system operated by the US Federal Reserve Banks.
The Reserve Banks' wholesale services include electronically transferring funds through the Fedwire Funds Service and transferring securities issued by the U.S. government, its agencies, and certain other entities through the Fedwire Securities Service. Source: Internet
Financial institutions transmit money wires via several electronic delivery networks - mainly Fedwire Funds Service and Society for Worldwide Interbank Financial Telecommunication (SWIFT), which handles transactions for overseas banks. Source: Internet