TD Bank's Swift Network

The database management system TD Bank uses is called the SWIFT Net Network. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. The Society for Worldwide Interbank Financial Telecommunication ("SWIFT") operates a worldwide financial messaging network which exchanges messages between banks and other financial institutions. SWIFT also markets software and services to financial institutions, much of it for use on the SWIFTNet Network, and ISO 9362 bank identifier codes (BICs) are popularly known as "SWIFT codes".

The current version of SWIFT, SWIFT Phase 2, is where the banks connect to this network to use a Relationship Management Application (RMA) instead of the former Bilateral Key Exchange (BKE) System. The RMA is more secure and easier to update with information than the BKE.

TD Bank along with 8,000 financial institutions in 200 countries and territories joined the SWIFT network because it is an industry-owned co-operative that provides secure, standardized messaging services and interface software. Since SWIFT is an industry-owned co-operative, any improvements are made as requests that become decisions through consensus.

As well as with offering fast, reliable transactions from anywhere under SWIFT, TD Bank develops new software to make banking easier. TD Bank developed a TD Bank Software that can be downloaded for free online which allows customers to print business bank checks for the USA and Canadian Banks. They also have software called Quicken which is personal finance management tool that allows customers to pay bills, view statements, and access online services with the click of a finger from their desktop home screen.