Value transfer system

Value transfer system

A value transfer system refers to any system, mechanism, or network of people that receives money for the purpose of making the funds or an equivalent value payable to a third party in another geographic location, whether or not in the same form.

A value transfer system may fall into one or more of these groups:
*Informal value transfer systems, e.g. hawala.

*Retail value transfer systems:
**Traditional retail value transfer systems, e.g. Western Union. (Also, banks and post offices usually support various forms of transferring funds.)
**Internet-only value transfer systems, e.g. PayPal, or Electronic money.
**Combined Retail/Internet value transfer systems, e.g. cash at retail in exchange for electronic money such as PaidByCash.

*Institutional formal value transfer systems, e.g. SWIFT (International), LVTS (Canada), Fedwire (USA).

External links

*http://www.systemics.com/docs/papers/monpol.html 1996 paper: The Effect of Internet Value Transfer


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Informal value transfer system — An informal value transfer system (IVTS) refers to any system, mechanism, or network of people that receives money for the purpose of making the funds or an equivalent value payable to a third party in another geographic location, whether or not… …   Wikipedia

  • Large Value Transfer System — The Large Value Transfer System, or LVTS, is a system in Canada for electronic wire transfers of large sums of money; it permits the participating institutions and their clients to send large sums of money securely in real time with complete… …   Wikipedia

  • Large Value Transfer System - LVTS — An electronic wire payment system in Canada, facilitating the transfer of funds between large financial institutions, including the central Bank of Canada. LVTS transactions can be performed for banks or their clients. These transactions are… …   Investment dictionary

  • Clearing House Automated Transfer System — The Clearing House Automated Transfer System, or CHATS, is a Real Time Gross Settlement (RTGS) system for the transfer of funds in Hong Kong. It is operated by Hong Kong Interbank Clearing Limited, a private company jointly owned by the Hong Kong …   Wikipedia

  • Flexible image transfer system — Flexible Image Transport System Pour les articles homonymes, voir FITS. FITS ou Flexible Image Transport System est le format de fichiers le plus communément utilisé en astronomie. Le format de fichiers FITS est souvent utilisé pour sauvegarder… …   Wikipédia en Français

  • System Shock 2 — Developer(s) Irrational Games Looking Glass Studios Publisher(s) Electronic Arts …   Wikipedia

  • Honor system — An honor system or honesty system is a philosophical way of running a variety of endeavors based on trust, honor, and honesty. Something that operates under the rule of the honor system is usually something that does not have strictly enforced… …   Wikipedia

  • System analysis — See also systems analysis. : MISO redirects here, for the data line see Serial Peripheral Interface Bus. System analysis is the branch of electrical engineering that characterizes electrical systems and their properties. Although many of the… …   Wikipedia

  • Value added tax — Taxation An aspect of fiscal policy …   Wikipedia

  • Value date —   An ISO term. The date on which the funds are at the disposal of the receiver.   ISO Standard Telex Formats term. 6n or 35x.   ISO Funds Transfer Messages term. ISO International Cheque Remittance term. ISO Message Authentication term. ISO Mail… …   International financial encyclopaedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”