direct debit system

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• Direct debit — A direct debit or direct withdrawal is an instruction that a bank account holder gives to his or her bank to collect an amount directly from another account. It is similar to a direct deposit but initiated by the beneficiary. It is also called… …   Wikipedia

• direct debit — /daɪˌrekt debɪt/ noun a system where a customer allows a company to charge costs to his or her bank account automatically and where the amount charged can be increased or decreased with the agreement of the customer ● I pay my electricity bill by …   Dictionary of banking and finance

• direct debit — A form of standing order given to a bank by an account holder to pay regular amounts from his cheque account to a third party. Unlike a normal standing order, however, the amount to be paid is not specified; the account holder trusts the third… …   Big dictionary of business and management

• Direct deposit — also known as Direct credit is a banking term used to refer to certain payment systems used to transfer money where a payment is initiated by the payer not the payee, namely:Bank Account In Europe, the giro system In the United States, the… …   Wikipedia

• Debit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …   Wikipedia

• debit — To debit is to place an entry on the left hand side of an account. A debit in a liability account makes it smaller. A debit in an asset account makes it larger. Glossary of Business Terms An expense, or money paid out from an account. A debit… …   Financial and business terms

• direct — adj., adv., & v. adj. 1 extending or moving in a straight line or by the shortest route; not crooked or circuitous. 2 a straightforward; going straight to the point. b frank; not ambiguous. 3 without intermediaries or the intervention of other… …   Useful english dictionary

• Direct system — Le direct system (« système direct » en anglais), aussi appelé inflateur, est un équipement de plongée sous marine utilisé sur les gilets stabilisateurs. Sommaire 1 Description 2 Utilisation 3 Histoire …   Wikipédia en Français

• Maestro (debit card) — The Maestro logo. Maestro is a multi national debit card service owned by MasterCard, and was founded in 1990. Maestro cards are obtained from associate banks and can be linked to the card holder s current account, or they can be prepaid cards.… …   Wikipedia

• BancNet Payment System — Infobox Interbank Network name = BancNet area = Philippines and China through China UnionPay foundation = 1994 members = 40 banks pos = Over 8,000The BancNet (BN) Point Of Sale System is a local PIN based electronic funds transfer (EFTPOS)… …   Wikipedia

• E-commerce payment system — An e commerce payment system facilitates the acceptance of electronic payment for online transactions. Also known as a sample of Electronic Data Interchange (EDI), e commerce payment systems have become increasingly popular due to the widespread… …   Wikipedia