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Automated clearing house - Wikipedia

The first automated clearing house was BACS in the United Kingdom, which started processing payments in April 1968. 4
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Direct debit - Wikipedia

A direct debit instruction must in all cases be supported by some sort of authorization for the payee to collect funds from the payer's account. There are generally two methods to set up the authorization:
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Virmati specializes in features like Software Development, Application Integration, Project Delivery other IT related System Supporting the Verticals of BFSI, eGovernance, ERP Business Solutions, eCommerce Platforms.
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Enroll Online

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Small business loans up to $250K with competitive rates and easy terms. Apply now to see how much your business may qualify for.
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