Preauthorized Electronic Debits (PADs) Love Machine 14 years ago Preauthorized Electronic Debits (PADs)Payer authorized advance debits to his bank account. Payer bank forwards the payment amount to receiver’s account via an automated system through the ACH.Recommended for you:Preauthorized Checks (PACs)Electronic Depository TransfersEDI- Electronic Data InterchangeElectronic Currency Trading
