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Rule H Appendix IV Page 1 PreAuthorized Debits (Pads) Mandatory Elements of Confirmation (Electronic Agreements) Introduction This Appendix IV sets out the mandatory elements of a Confirmation form
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Rule H1 - pre-authorized is a regulation that allows for pre-authorization of certain transactions before they are processed.
Financial institutions and merchants are required to file Rule H1 - pre-authorized for certain transactions.
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Rule H1 - pre-authorized requires reporting of transaction details, pre-authorization codes, and customer information.
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