Debits to a bank account in advance by the payer. The payer's bank sends payment to the payee's bank through the Automated Clearing House (ACH) system.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). preauthorized electronic debits (pad). Retrieved September 22, 2026, from http://smartdefine.org/preauthorized_electronic_debits_(pad)/definitions/1160898 |
| Chicago | Barry Goldsmith. 2010. "preauthorized electronic debits (pad)" http://smartdefine.org/preauthorized_electronic_debits_(pad)/definitions/1160898 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, preauthorized electronic debits (pad), Smart Define, viewed 22 September, 2026, <http://smartdefine.org/preauthorized_electronic_debits_(pad)/definitions/1160898>. |
| MLA | Barry Goldsmith. "preauthorized electronic debits (pad)" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/preauthorized_electronic_debits_(pad)/definitions/1160898> |