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Showing posts from May, 2017

Technology transfer

Technology transfer Technology transfer, also called transfer of technology (TOT), is the process of transferring (disseminating) technology from the places and ingroups of its origination to wider distribution among more people and places. It occurs along various axes: among universities, from universities to businesses, from large businesses to smaller ones, from governments to businesses, across borders, both formally and informally, and both openly and surreptitiously. Often it occurs by concerted effort to share skills, knowledge, technologies, methods of manufacturing, samples of manufacturing, and facilities among governments or universities and other institutions to ensure that scientific and technological developments are accessible to a wider range of users who can then further develop and exploit the technology into new products, processes, applications, materials, or services. It is closely rela...

Retail money transfers

Methods Retail money transfers International DEUT identifies Deutsche Bank. DE is the country code for Germany. FF is the code for Frankfurt. United States of America One of the largest companies that offer wire transfer is Western Union, which allows individuals to transfer or receive money without an account with Western Union or any financial institution. Concern and controversy about Western Union transfers have increased in recent years, because of the increased monitoring of money-laundering transactions, as well as concern about terrorist groups using the service, particularly in the wake of the September 11, 2001 attacks. Although Western Union keeps information about senders and receivers, some transactions can be done essentially anonymously, for the receiver is not always required to show identification. There are other companies in this market, like ACE Money Transfer, RIA Financial Services,...

Wire transfer

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Wire transfer Wire transfer, bank transfer or credit transfer is a method of electronic funds transfer from one person or entity to another. A wire transfer can be made from one bank account to another bank account or through a transfer of cash at a cash office. Different wire transfer systems and operators provide a variety of options relative to the immediacy and finality of settlement and the cost, value, and volume of transactions. Central bank wire transfer systems, such as the Federal Reserve's FedWire system in the United States are more likely to be real time gross settlement (RTGS) systems. RTGS systems provide the quickest availability of funds because they provide immediate "real-time" and final "irrevocable" settlement by posting the gross (complete) entry against electronic accounts of the wire transfer system operator. Other systems such as CHIPS provide net settlement on a periodic basis. M...

Advantages and Disadvantages of Money Transferring

                                Advantages and Disadvantages of Money Transferring Money transfer in this age is a concept which is not new and is known even to school and college students. Money transfer can help in quick access of money in less time period from one location to another location. Most of the e commerce transactions and important business deals today operate on money transfer principle Money transfer actually is a service that allows anyone to take cash from the credit card and put it into a current account. It is quick and easy thing to do. One can do so anytime by using his account 24*7. Money transfer can be needed when one is short of money, during business deals, in emergency, holiday outing or other circumstances. Money transfer generally comes in following payment modes of systems like Email money transfer, Paypal method, Giro or direct deposit, ETF or electronic fund tr...