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As now, anyone paid by cheque will deposit it in their bank, to be sent on to various clearing houses, which route the cheque back to the issuer's bank for payment approval and the transfer of funds.
ECONOMIST: America's new law on cheques
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The US government is building a coalition of federal agencies to promote the use of efficient electronic payment transfer methods through The 20% Initiative, an initiative aimed at helping the U.S. us get 20% more bang for our buck.
WHITEHOUSE: Presidential Innovation Fellows: The 20% Initiative
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The share transfer and payment are targeted to close by the end of January 2012, subject to necessary approvals from regulatory authorities.
ENGADGET: Sony sells its stake in Samsung LCD team-up for $939 million
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This is not surprising, since more than half of the adult population is either working in the public sector or living on some form of social transfer payment.
FORBES: European Socialism: Why America Doesn't Want It
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People were duped into sending a partial or full payment to a third-party agent via a wire transfer payment service and to fax their payment receipt to the seller as proof of payment.
FORBES: Where Americans Lost Money Online
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"The transfer of Younes Kaboul was completed and Portsmouth pressed for an immediate payment in order to alleviate their cashflow situation, " said the Tottenham statement.
BBC: Tottenham stand by ?1m demand to Portsmouth for Begovic
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The interest in the video is the idea that payment (in this case, tipping) could be a smart-system transfer of a non-money asset, if valued by the payee.
FORBES: From Future-of-Money To Social Poly-Reconciliation
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Each country has different rules for different forms of payment and the fees you have to pay for, say, a wire transfer, are likely to vary all over the map.
FORBES: Tipalti Simplifies Global Payment Complexity
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In June, GM said it will offer 42, 000 white-collar retirees in the U.S. a lump-sum payment in lieu of their monthly pension check and will transfer pension responsibility for 76, 000 others to a group annuity plan managed by Prudential Insurance.
FORBES: Leadership, Not Another Bailout, Will Fix GM (And No, It Is Not Going Bankrupt)