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Word for application that is both sender and receiver

In the sentence "There are many ways to receive and send information.", is there a word that can replace "receive and send"?

I was thinking of the word transmit: "There are many ways to transmit information.",

But transmit seems to convey only a one-way direction instead of a two-way direction.

Is there a word that encompasses the meaning of both "receiving" and "delivery" ?

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@waiwai933 If I had more rep, I'd vote to reopen this question. The presumed duplicate asks for a word for an application that both transmits and receives (a noun). This question is asking for a gerund that encompasses the act of transmitting and receiving. –  Joel Brown May 3 '12 at 11:54
    
@JoelBrown Normally, I'd agree with you, but in this case, the OP specifically requested it be closed as a dupe (in a now-deleted comment) after someone else pointed that question out. –  waiwai933 May 3 '12 at 14:38
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marked as duplicate by waiwai933 May 3 '12 at 2:53

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1 Answer

You might have a look at

exchange
noun an act of giving one thing and receiving another (esp. of the same type or value) in return

The verb form is probably what you're looking for.

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