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A direct debit or direct withdrawal is a financial transaction in which one organisation withdraws funds from a payer's bank account. [1] Formally, the organisation that calls for the funds ("the payee") instructs their bank to collect (i.e., debit) an amount directly from another's ("the payer's") bank account designated by the payer and pay those funds into a bank account designated by the ...
The Clearing House Interbank Payments System (CHIPS) is a bank owned automated funds-transfer system for domestic and international high value payment transactions in U.S. dollars. It is a real-time final settlement payment system that continuously matches, off-sets and settles payments among international and domestic banks. [3]
Electronic Toll Collection (Pty) Ltd (ETC), a subsidiary of Kapsch TrafficCom AG, is the contracted company that designed, built and is still operating the system, and in turn oversees the Transaction Clearing House (TCH) which oversees customer accounts, and the Violation Processing Centre (VPC) which will follow procedures against payment ...
In common with older airline tickets, MCOs had a number of passenger coupons, (typically 1, 2 or 4), as well as valueless coupons for the agency's records and the airlines' interline clearing house. There were two main types of MCO, those with a specific value for each coupon, and those with the residual value moving to the next coupon.
A surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card or debit card (but not cash) which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company. [1]
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In other words it is an evidence for the occurrence of a reduction in expenses. The seller might also issue a debit note instead of an invoice in order to adjust upwards the amount of an invoice already issued (as if the invoice is recorded in wrong value). [3] Debit notes are generally used in business-to-business transactions.
Knock on Any Door is a 1949 American courtroom trial film noir directed by Nicholas Ray and starring Humphrey Bogart. The movie was based on the 1947 novel of the same name by Willard Motley . The picture gave actor John Derek his breakthrough role as young hoodlum Nick Romano, whose motto was "Live fast, die young, and have a good-looking corpse."
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