Value transfer system

money transfer
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.wikipedia
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Western Union

Western Union Telegraph CompanyWestern Union TelegraphWestern Union Company
Traditional retail value transfer systems, e.g. Bank transfer, Wire transfer, Post offices transfer service or specialist companies such as Western Union
The next year, 1871, the company introduced its money transfer service, based on its extensive telegraph network.

Society for Worldwide Interbank Financial Telecommunication

SWIFTSociety for Worldwide Interbank Financial Telecommunication (SWIFT)SWIFT network
Institutional formal value transfer systems, e.g. SWIFT (International), domestic real-time gross settlement (RTGS) systems such as LVTS (Canada), Fedwire (USA), CHAPS (UK)
Value transfer system

Informal value transfer system

value transfer systembanking systeminformal value transfer systems
Informal value transfer systems, e.g. hawala
Value transfer system

Money

monetaryspeciecash
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.

System

systemssubsystemsubsystems
The average size of the payment is an indicator of the system's use.

Market (economics)

marketmarketsglobal market
Specialised large-value transfer system have developed because of the large size and critical timing of some payments market participants require services and mechanisms that meet their need for reliability, security, accuracy and timeliness.

Wire transfer

bank transfermoney transferInternational payments
Traditional retail value transfer systems, e.g. Bank transfer, Wire transfer, Post offices transfer service or specialist companies such as Western Union

Post office

receiving officepost officespostal clerk
Traditional retail value transfer systems, e.g. Bank transfer, Wire transfer, Post offices transfer service or specialist companies such as Western Union

Internet

onlinethe Internetweb
Internet-only value transfer systems, e.g. Electronic money such as PayPal, eGold, Liberty Reserve

PayPal

PayPal Holdings PayPal Inc.breakup of eBay
Internet-only value transfer systems, e.g. Electronic money such as PayPal, eGold, Liberty Reserve

E-gold

eGoldDouglas Jackson
Internet-only value transfer systems, e.g. Electronic money such as PayPal, eGold, Liberty Reserve

Liberty Reserve

Internet-only value transfer systems, e.g. Electronic money such as PayPal, eGold, Liberty Reserve

Cryptocurrency

cryptocurrenciescrypto-currencyaltcoin
Cryptocurrencies: Bitcoin, Litecoin, Ethereum, etc.

Bitcoin

bitcoinsbitcoin walletBitcoin blockchain
Cryptocurrencies: Bitcoin, Litecoin, Ethereum, etc.

Litecoin

Ethereum

EtherETHETH blockchain
Cryptocurrencies: Bitcoin, Litecoin, Ethereum, etc.

Real-time gross settlement

RTGSReal time Gross settlementReal Time Gross Settlement (RTGS)
Institutional formal value transfer systems, e.g. SWIFT (International), domestic real-time gross settlement (RTGS) systems such as LVTS (Canada), Fedwire (USA), CHAPS (UK)

Large Value Transfer System

LVTS
Institutional formal value transfer systems, e.g. SWIFT (International), domestic real-time gross settlement (RTGS) systems such as LVTS (Canada), Fedwire (USA), CHAPS (UK)

Fedwire

Fedwire Funds Serviceoperated
Institutional formal value transfer systems, e.g. SWIFT (International), domestic real-time gross settlement (RTGS) systems such as LVTS (Canada), Fedwire (USA), CHAPS (UK)

CHAPS

Clearing House Automated Payment System
Institutional formal value transfer systems, e.g. SWIFT (International), domestic real-time gross settlement (RTGS) systems such as LVTS (Canada), Fedwire (USA), CHAPS (UK)

Hawala

hawaladarhawala bankingHawala money
Informal value transfer systems, e.g. hawala

Digital currency

electronic moneydigital currencieselectronic purse
Internet-only value transfer systems, e.g. Electronic money such as PayPal, eGold, Liberty Reserve

Correspondent account

correspondent bankcorrespondentCorrespondent Banking
Correspondent account

Payment system

payment networkpayment systemspayments system
Payment system