Transcription of RULE H1 - Payments Canada
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RULE H1 - Payments Canada
PRE- authorized DEBITS (PADS) RULE H1 2020 CANADIAN Payments ASSOCIATION This Rule is copyrighted by the Canadian Payments Association. All rights reserved, including the right of reproduction in whole or in part, without express written permission by the Canadian Payments Association. Payments Canada is the operating brand name of the Canadian Payments Association (CPA). For legal purposes we continue to use Canadian Payments Association (or the Association) in these rules and in information related to rules, by-laws, and standards. RULE H1 - PRE- authorized DEBITS (PADS) 2 TABLE OF CONTENTS IMPLEMENTED .. 4 AMENDMENTS PRE-NOVEMBER 2003.
RULE H1 -PRE AUTHORIZED DEBITS (PADS) 5 PART I – GENERAL General – Introduction 1. This Rule outlines the procedures for the Exchange for the purpose of Clearing and Settlement of every Pre-Authorized Debit. There are four categories of PADs: - Business PAD, - Cash Management PAD, - Funds Transfer PAD, and - Personal PAD. General – Scope 2.
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