Debit Transfer
A debit transfer or "pull" payment is a transaction initiated by the receiver of funds, where the bank receives a payment request by the payee, and then sends the funds per request.
USE CASES
Utility bills
Mortgages
Check conversion
ACH direct debit collections are initiated by the payee with pre-authorization from the payer; ACH direct debits include consumer payments such as utility bills, insurance premiums, mortgage loans, and other types of bills.
RESOURCES
Converted Check Copy (CCC) Electronic Check Processing ACH debit: An in-depth guide
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