BNET Business Dictionary
Business Definition for: Automatic Debit
- an instruction given by an account holder to a bank to make regular payments on given dates to the same payee.
- U.K. term Standing Order
Additional Resources
- Union Bank Offers Small Business Rebate Program to MasterCard Debit and Credit Card Holders
- SAN FRANCISCO -- Union Bank of California is now offering the MasterCard([R]) Easy Savings[TM] program to provide its small business customers with easy ways to save as they continue to use credit and debit cards to pay for business expenses. The MasterCard Easy Savings program offers MasterCard small business...
- Research articles 2008-10-22
- Check this out: debit cards simplify payroll systems
- Payday used to be a big hassle for Lisa Schwingdorf, a crew member at a Checkers Drive-In restaurant in Clearwater, Fla. She'd go to the restaurant on Thursday afternoons when general manager Rich Hessner passed out paychecks, and then she'd pick up her two children at school and dash...
- Research articles 2002-05-27
- TAM forges partnerships to reduce costs.
- Brazil, Oct 9, 2002 (O Globo/SABI via COMTEX) The Brazilian airline TAM firmed a partnership with Itau bank and Cheque Eletronico, to allow the payment through automatic debit payment in current account for sales through the Internet. Since this month, 2,5% of the total...
- Research articles 2002-10-09
- Student Lending Works Offers 0.25% Interest Rate Reduction on All Student Loan Products
- WEST CHESTER, Ohio -- The state of Ohio's designated nonprofit lender, Student Lending Works (www.StudentLendingWorks.org), is offering an immediate 0.25 percent interest rate reduction on all student loan products for those who have their monthly payments continuously automatically withdrawn from a checking or savings account. Whether it is a...
- Research articles 2006-01-03
- Changes in the Use of Electronic Means of Payment: 1995-2001
- This document updates table based on data from the 2001 Survey of Consumer Finances conducted on the use of electronic banking. This document updates the statistics indicating how the use of various means of electronic payment has changed between 1995, 1998, and 2001. It notes that the use of electronic...
- White papers 2003-09-26
- U.S. Patent Office Issues Bill Payment Patent to Payment Data Systems
- Payment Data Systems, Inc. (OTC BB: PYDS), an integrated electronic payments solutions provider, announced today that the United States Patent and Trademark Office has issued Patent Number 7,021,530 for the company's technology and method for managing and processing bill payment via a stored-value debit card, check card, signature...
- Research articles 2006-04-17
- drugstore.com, inc. and Evolution Benefits Add Vision Products to Paperless FSA Program to Enhance Ease and Appeal
- BELLEVUE, Wash. & AVON, Conn. -- drugstore.com, inc. (NASDAQ:DSCM) and Evolution Benefits Inc. hope to make a popular, convenient employee benefit, the benefits debit card, even more appealing by adding contact lenses to the more than 2,000 over-the-counter products eligible for automatic reimbursement through the drugstore.comTM FSA store. When...
- Research articles 2004-10-28
- Banco do Brasil and Bradesco invest in chip to reduce cloned cards.
- Brazil, Aug 6, 2002 The Brazilian state owned bank Banco do Brasil is replacing the credit/debit cards of its 400,000 clients in Rio de Janeiro state, to avoid cards cloning. The new model will have a chip to increase the security in the automatic...
- Research articles 2002-08-06
- The Sun News, Myrtle Bea ch, S.C., Along the Coast Column. (Originated from The Sun News, Myrtle Beach, S.C.)
- Apr. 8--PEOPLES FEDERAL OFFERS DEBIT CARD Peoples Federal Savings & Loan is offering a new debit card called the Check 24 Card. The card has a Visa logo and can be used anywhere a Visa card is accepted. But the Check 24 Card acts like a check...
- Research articles 1994-04-07
- The Future of Retail Electronic Payments Systems: Industry Interviews and Analysis
- Electronic payments have become a prominent feature of the U.S. economic landscape, as consumers, businesses, and governments have increasingly used electronic instruments to make retail payments. Survey research by the Federal Reserve published in 2002, for example, indicates that the use of debit and credit cards and automatic deposit and...
- White papers 2001-12-01
- Katrina refugees get hundreds of millions of dollars in handouts
- HOUSTON, United States AFP — Police closed off the Astrodome stadium in Houston as word spread among Hurricane Katrina refugees that the American Red Cross was giving handouts of up to 2,000 dollars. The money was given as credits on a debit card that can be used in stores...
- Research articles 2005-09-09
- County redacts to a new law
- The Marion County Clerk of the Circuit Court (marioncounty clerk.org) has implemented an automatic indexing and redaction solution to become the first county in Florida to complete a statemandated redaction project.Under Florida's current public records law, citizens are responsible for requesting that private information be removed or redacted from public...
- Research articles 2006-01-01
- High-Speed Wireless Modem Receives FCC Approval
- U.S. Wireless Data Inc. [USWDA] announced yesterday (2/25) that the FCC has granted approval of the company's USWD500 modem, a CDPD- based model designed specifically to facilitate high-speed electronic payments. The modem incorporates proprietary features to improve the performance and reliability of wireless credit, debit and automatic- teller-machine transactions....
- Research articles 1999-02-26
- Home Businesses Going E-Postal
- GOT A PC, A MODEM, A CD-ROM drive, and a printer? You've got yourself a post office. PC Postage, the U.S. Postal Service's (USPS') new electronic postage delivery service, is poised to make traditional stamp rolls and postage meters passe. The service lets businesses log on and download...
- Research articles 1999-11-01
- Grayslake Metra parking lot joins high-tech lineup.(News)
- Byline: Bob Susnjara Daily Herald Staff Writer High-tech machines soon will be installed to collect payments at Grayslake's Metra station parking lot, replacing the old-fashioned yellow metal boxes commuters must stuff with cash. Village officials said the devices, which resemble the top...
- Research articles 2002-04-26
- Lodi, Calif., Bank Offers Low-Cost Accounts for Government Beneficiaries.(Knight Ridder/Tribune Business News)
- Oct. 28--If you receive a disability assistance, retirement or other benefit check from the federal government, a low-cost bank account is waiting for you courtesy of Farmers & Merchants Bank of Central California. Electronic transfer accounts are bank accounts that receive beneficiary payments...
- Research articles 2000-10-27
