Examlex
A poorly-planned information system can result in:
Preauthorized Electronic Transfer
An automatic transfer of funds from one account to another, agreed upon in advance by the account holder.
Financial Institution
Organizations that provide financial services, including banks, credit unions, and insurance companies.
Written Notice
A formal notification provided in written form.
Bank Make Payment
The act of a bank processing a transaction and transferring the requisite funds from one account to another as instructed.
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