Jump to content

Recommended Posts

Posted

Telegraphic transfer, ie. bank wire transfer.

They are an auction site, although I am not sure if they are run by a particular shop with one seller, or take items from many sellers.

 

Brian

Posted
Telegraphic transfer

 

I still find this expression on nowadays commercial contracts, This method was in use 50 years ago but the expression has survived (as crocodiles have survived) :) :) :)

Posted

Hi,

 

Telegraphic transfer

 

I still find this expression on nowadays commercial contracts, This method was in use 50 years ago but the expression has survived (as crocodiles have survived) :) :) :)

 

 

It's still in use, certainly the faster way for bank transfer (however a little bit expensive)

Posted
Jacques wrote :

 

It's still in use, certainly the faster way for bank transfer (however a little bit expensive)

 

 

Telegraphic transfer is an old term coming from the age when banks had key operators and Telegraph was the best mean to transfer money. It changes 30 years ago with the birth of X25 lines, (securised lines for data transfer).

 

It is seldom used, only in some remote countries not benefitting from electronic technologies. Of course it is not the fastest way.

 

In fact, the term is also used to describe other electronic funds transfer methods and, incorrectly, BACS (Bankers Automated Clearing Services) and AFTS (Automated Funds Transfer System) payments.

 

The must common TT we can see nowadays is Westen Union, much more expensive than BATS ansd AFTS.

 

Bankers are using now the web through securised networks

Posted

Ok, no more on this subject please. But yes, all my suppliers at work ask for T/T (and actually mean electronic bank transfer instead) so it is still a common term, but used to mean something else nowdays.

 

Now back to our regular Nihonto transmissions... :)

 

Brian

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...