How does one acquire quick hands (when transfering ball from glove to hand and getting rid of ball with velocity and accuracy)? i can take care of the throwing aspect but who do i get rid of it faster?

The first step is keeping the throwing hand next to the glove and properly positioned whenever possible. That eliminates one time waster.

Secondly, bring the ball up toward the throwing shoulder in the glove while you are getting your grip. This will make the transfer easier and allow you to get the four seam grip with less risk of dropping or bobbling.

Finally, never "pat" the ball back in the glove.

There are other specifics based on whether you are talking IF or OF, fly or grounder, or the MIF pivot.

And there are other factors that figure into a quick release. Footwork certainly being one.

PRACTICE !!! If you have the means purchase a "pancake" (training glove) and use it for playing catch and taking infield. Texan already mentioned footwork which is crucial for velocity and accuracy.

Here is a version of the Pancake which yankeelvr mentioned

The best advice my son received concerning this subject was to "redirect" the ball. Instead of catching the ball he was instructed to have it impact the glove just above the heel in the palm and then redirct the ball's travel to the throwing hand, positioned close to the glove as stated earlier. One of our drills was to stand about 15-20 feet apart playing quick toss allowing him hundreds of reps each day to perfect this specific type of ball handling.

I also heard the pancake method. I practice it all the time and the difference is tremendous, and very noticable.