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2. Direct debit - Wikipedia

   en.wikipedia.org/wiki/Direct_debit

   A direct debit or direct withdrawal is a financial transaction in which one organisation withdraws funds from a payer's bank account. [1] Formally, the organisation that calls for the funds ("the payee") instructs their bank to collect (i.e., debit) an amount directly from another's ("the payer's") bank account designated by the payer and pay ...

3. Automated clearing house - Wikipedia

   en.wikipedia.org/wiki/Automated_Clearing_House

   An automated clearing house ( ACH) is a computer-based electronic network for processing transactions, [1] usually domestic low value payments, between participating financial institutions. It may support both credit transfers and direct debits.

4. Bacs - Wikipedia

   en.wikipedia.org/wiki/BACS

   Direct debit. A direct debit is an instruction from a customer to a bank (or building society) to authorize a third party to collect an amount from an account, often for regular payments. Over 4.5 billion direct debits were processed in 2019. Bacs Direct Credit

5. Electronic funds transfer - Wikipedia

   en.wikipedia.org/wiki/Electronic_funds_transfer

   Automated teller machine (ATM) transfers. Direct deposit payment or withdrawals of funds initiated by the payer. Direct debit payments in which a business debits the consumer's bank accounts for payment for goods or services. Electronic bill payment in online banking, which may be delivered by EFT or paper check.

6. Accepted payment methods for AOL services - AOL Help

   help.aol.com/articles/payment-methods-available-CS41

   Accepted payment methods. Credit or debit cards• American Express. • Visa (credit or debit) • Discover (credit or debit) • MasterCard (credit or debit) Direct debit is no longer available for active accounts, however, it can be used to pay past due balances, with a $7 fee.

7. Payment system - Wikipedia

   en.wikipedia.org/wiki/Payment_system

   Modern payment systems use cash-substitutes as compared to traditional payment systems. This includes debit cards, credit cards, electronic funds transfers, direct credits, direct debits, internet banking and e-commerce payment systems. Payment systems may be physical or electronic and each has its own procedures and protocols.