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  2. What happens if my card payment is returned? - AOL

    www.aol.com/finance/happens-card-payment...

    If a credit card payment is returned, it is most likely due to insufficient funds or incorrect bank account information. A returned payment can result in fees from both the card issuer and the ...

  3. Direct debit - Wikipedia

    en.wikipedia.org/wiki/Direct_debit

    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 ...

  4. Standing order (banking) - Wikipedia

    en.wikipedia.org/wiki/Standing_order_(banking)

    The amount can be paid into any bank account, which need not belong to an organisation vetted by the payer's bank. A direct debit requires the payer authorize the payee take a direct debit for any amount at any time, or to instruct the bank to honour direct debit requests from a specified payee. The payee has full control over the payments.

  5. Bacs - Wikipedia

    en.wikipedia.org/wiki/BACS

    A direct debit is an instruction from a customer to a bank (or building society) to authorize a third party to collect an amount from an account, often for regular payments. Over 4.5 billion direct debits were processed in 2019.

  6. Lloyds Bank plc v Independent Insurance Co Ltd - Wikipedia

    en.wikipedia.org/wiki/Lloyds_Bank_plc_v...

    The bank mistakenly believed that a recent deposit into the customer's account had cleared, and on that basis made the requested transfer. In fact the relevant deposit had not cleared (and did not clear), and the bank accordingly sought to recover the payment from the payee on the basis that it was made under a mistake of fact. [2]

  7. ATM - Wikipedia

    en.wikipedia.org/wiki/ATM

    An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff.

  8. Access (credit card) - Wikipedia

    en.wikipedia.org/wiki/Access_(credit_card)

    It was established as a joint venture incorporated as The Joint Credit Card Company Limited with Lloyds, Midland and National Westminster banks each owning 30% and Williams & Glyn's owning 10%. [4] The Access name was registered as a trademark on 26 November 1971 [ 5 ] and the product was launched on 23 October 1972. [ 6 ]

  9. Cheque and Credit Clearing Company - Wikipedia

    en.wikipedia.org/wiki/Cheque_and_Credit_Clearing...

    The Cheque and Credit Clearing Company Limited (C&CCC) is a UK membership-based industry body whose 11 members are the UK clearing banks.The company has managed the cheque clearing system in England and Wales since 1985, in all of Great Britain since 1996 when it took over responsibility for managing the Scottish cheque clearing as well, and in the whole of the United Kingdom since the ...