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An informal value transfer system is an alternative and unofficial remittance and banking system, that pre-dates current day modern banking systems. The systems were established as a means of settling accounts within villages and between villages. It existed as far back as over 4000 years ago and even more. [1] [2]
Cash-in-transit (CIT) or cash/valuables-in-transit (CVIT) is the physical transfer of banknotes, coins, credit cards and items of value from one location to another. The locations include cash centers and bank branches, ATM points, bureaux de change , large retailers and other premises holding large amounts of cash, such as ticket vending ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 25 December 2024. Electronic telecommunications device to perform financial transactions Several terms redirect here. For other uses, see Cash machine (disambiguation), Money machine (disambiguation), and ATM (disambiguation). An old Nixdorf ATM Smaller indoor ATMs dispense money inside convenience ...
[1] [2] A payment system is an operational network which links bank accounts and provides for monetary exchange using bank deposits. [3] Some payment systems also include credit mechanisms, which are essentially a different aspect of payment. Payment systems are used in lieu of tendering cash in domestic and international transactions. This ...
The Manila Metro Rail Transit System (MRTS), commonly known as the MRT, is a rapid transit system that primarily serves Metro Manila, Philippines. Along with the Manila Light Rail Transit System and the Metro Commuter Line of the Philippine National Railways , the system makes up Metro Manila's rail infrastructure.
The New York City Subway is the world's largest single-operator rapid transit system by number of metro stations, at 472. Metro in the world: [1] Rapid transit or mass rapid transit (MRT) or heavy rail, [2] [3] commonly referred to as metro, is a type of high-capacity public transport that is generally built in urban areas.
Public transport (also known as public transportation, public transit, mass transit, or simply transit) is a system of transport for passengers by group travel systems available for use by the general public unlike private transport, typically managed on a schedule, operated on established routes, and that may charge a posted fee for each trip.
BRT is a high-capacity bus-based transit system that delivers fast, reliable, high quality, safe, and cost-effective services at relatively low cost, metro-level capacities. It achieves that through dedicated bus lanes that are median aligned, off-board fare collection, level boarding, bus priority at intersections, and fast and frequent ...