Advertising

Preauthorized electronic debits

• Abbreviated PADs. Debits to its bank account in advance by the payer. The payer's bank sends payment to the payee's bank through the ACH Automated Clearing House (ACH) system.

 
 Embedded terms in definition
 Ach
Automated clearing house
Clearing
Its
Payer
 
 Related Terms
 Ach automated clearinghouse debits
Electronic data gathering, analysis, and retrieval
Electronic data interchange
Electronic depository transfers
Electronic trading
Preauthorized check

<< Preauthorized check Precautionary demand for money >>

Practical Advice for Everyone on How to Save and Manage Money: No matter how old or young you are, there are some basic things you can do to better manage and protect your money. Here are recommendations from FDIC Consumer News. More...

We are at our very best, and we are happiest, when we are fully engaged in work we enjoy on the journey toward the goal we’ve established for ourselves. It gives meaning to our time off and comfort to our sleep. It makes everything else in life so wonderful, so worthwhile. - Earl Nightingale

Advertising



Copyright ©2009-2018 GVC. All rights reserved.