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Glossary   >   P   >   "Preauthorized electronic debits (PADs)" Definition            Preauthorized electronic debits (PADs) Debits to its bank account in advance by the payer. The payers bank sends payment to the payees bank through the Automated Clearing House (A.C.H.) system. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Preauthorized electronic debits (PADs) - Debits to its bank account in advance by the payer. The payers bank sends payment to the payees bank through the Automated Clearing House (A.C.H.) system.