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On an average day, General Electric’s treasury workstation processes about 7,500 wire transfers. When things heat up at the end of a quarter, that number doubles. The importance of wire transfers to the $182.5 billion company had led treasury to mull what would happen if one of its primary banking partners experienced a money transfer system failure. Then, the unthinkable occurred. “It was a Monday morning in June 2008,” recalls GE deputy treasurer Dennis Sweeney.

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