Terms with Tag Settlement

Payment, Clearing and Settlement System (PCSS) — Acronym, Canada,
Pre-authorized Debit (PAD) — Acronym, Important,
- A way to set up a monthly payment to be automatically paid from a bank account.
➥ A PAD Agreement allows a payee to direct debit the bank account of a payor.
Society for Worldwide Interbank Financial Telecommunication (SWIFT) — Company,
- Global data processing system used by banks.
Stakeholder Advisory Council (SAC) — Acronym,
US Bulk Exchange (USBE) — Acronym,
Variable Direct Debit (VDD) — Acronym,

Payment, Clearing and Settl... -
Pre-authorized Debit