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  2. Cash-in-transit - Wikipedia

    en.wikipedia.org/wiki/Cash-in-transit

    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 ...

  3. Informal value transfer system - Wikipedia

    en.wikipedia.org/wiki/Informal_value_transfer_system

    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]

  4. ABA routing transit number - Wikipedia

    en.wikipedia.org/wiki/ABA_routing_transit_number

    When a new bank is being organized, the current publisher of the directory of banks assigns it a transit code. [8] The American Bankers Association asked banks to use the directory exclusively so banks would agree on how to sort checks. [9] The book was abbreviated Key to Numerical System of The American Bankers Association, and as the Key.

  5. Electronic funds transfer - Wikipedia

    en.wikipedia.org/wiki/Electronic_funds_transfer

    Electronic funds transfer (EFT) is the transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems. The funds transfer process generally consists of a series of electronic messages sent between financial institutions directing each to make the debit ...

  6. Wire transfer - Wikipedia

    en.wikipedia.org/wiki/Wire_transfer

    This is the system used to transfer money from a bank account to another party. It is also the system used in some payments made via a bank's online bill payment service. These transfers are made using a bank routing number and the account number at that institution. EFTS transfers differ from wire transfers in important legal ways.

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    mail.aol.com

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  8. Value transfer system - Wikipedia

    en.wikipedia.org/wiki/Value_transfer_system

    A value transfer system may fall into one or more of these groups: Retail value transfer systems: Traditional retail value transfer systems, e.g. Bank transfer, Wire transfer, Post offices transfer service or specialist companies such as Western Union; Internet-only value transfer systems, e.g. Electronic money such as PayPal, eGold, Liberty ...

  9. Elon Musk’s underground transit system in Las Vegas is a ...

    www.aol.com/finance/elon-musk-underground...

    The system Boring has built in Las Vegas—small tunnels with funky pink, blue, and green lighting—has nevertheless captured the public’s attention. That includes people who aren’t supposed ...