Abstract: A management and tracking system supervises the transfer of funds when: (1) the sending institution originates the funds transfer; or (2) the receiving institution initiates the funds transfer. Tracking numbers are created and associated with details related to specific wire transfers from a sender to a receiver where wire processing institutions along the routing of the funds can track the transfer of funds process and easily identify problems or potential fraud thus enhancing the capabilities of management of the transfer of funds from one institution to another when a plurality of intermediate institutions may be involved in the funds transfer. The tracking number is created and applied to the transaction at the time of origination of the wire. Database entries are created to link the wire payment's location and/or status history within the group or set of institutions processing the particular wire payment.