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Large Value Transfer System

   Also found in: Acronyms, Wikipedia 0.01 sec.
Large Value Transfer System
An electronic system allowing Canadian banks to transfer large amounts of funds instantaneously. The banks may use the LVTS on behalf of clients, but perhaps the most common usage is the transfer of funds for short-term loans between banks, including the Central Bank of Canada. Importantly, LVTS transfers are irreversible so as to reduce the possibility of fraud and other risks.


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Canada recently launched a new, state-of-the-art electronic funds transfer system, the Large Value Transfer System (LVTS) which enables individuals, businesses and governments to make final payments in a rapid, secure and efficient manner.
The Chrysalis-ITS and SAGUS security systems are part of a new electronic transfer network called the Large Value Transfer System, or LVTS.
Wright, President and Chief Executive Officer of Amdahl Corporation nominated Alaska Airlines and British Airways PLC in the Transportation category; Canadian Payments Association's Large Value Transfer System (LVTS) in the Finance, Insurance & Real Estate category; and Dow Corning Corporation's Process Re-engineering through Information Delivery Excellence (PRIDE) in the Business & Related Services category.
 
 
 
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