- preauthorized electronic debit
- Fina program in which a payer agrees to let a bank make payments from an account to somebody else’s account
The ultimate business dictionary. 2015.
preauthorized electronic debit
Look at other dictionaries:
PAD — Peripheral Arterial Disease (Medical » Physiology) Portable Application Description (Computing » General) ** Packet Assembler / Disassembler (Computing » Telecom) ** Packet Assembler Disassembler (Computing » Networking) * Picture A Day… … Abbreviations dictionary
Automated Clearing House — (ACH) is the name of an electronic network for financial transactions in the United States. ACH processes large volumes of both credit and debit transactions which are originated in batches. Rules and regulations governing the ACH network are… … Wikipedia
Overdraft — I warn you, Sir! The discourtesy of this bank is beyond all limits. One word more and I I withdraw my overdraft! Cartoon from Punch Magazine Vol. 152, June 27, 1917 An overdraft occurs when money is withdrawn from a bank account and the… … Wikipedia
Concord EFS, Inc. — Concord EFS, Inc. was a major corporation that provided ATM, credit card, debit card, and payroll processing services.[1] On February 26, 2004 Concord merged with First Data. A Brief History of ConcordEFS Concord EFS, Inc., based in Memphis,… … Wikipedia
Bank — For other uses, see Bank (disambiguation). Banker and Bankers redirect here. For other uses, see Banker (disambiguation). Banking … Wikipedia
