This word is acceptable for play in the US & UK dictionaries that are being used in the following games:

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n. A transmitter and receiver housed together in a single unit and having some circuits in common, often for portable or mobile use.

n. A combined radio transmitter and receiver.

n. A device that performs transmitting and receiving functions, especially if using common components.

"Putting a gig of flash memory into that mouse transceiver is a great idea and could and will be very useful."

transmitter    transponder    receiver   

comm    transponder    communicator    transmitter    downlink    telemetry    relay    uplink    emitter    communicators