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Direct Payment via ACH Authorization Kiwanis Club of Cheyenne I authorize, hereinafter called Company, to initiate debit entries to my account indicated below and the Financial Institution named below,
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A payment form refers to a document used to facilitate transactions, while ACH (Automated Clearing House) is a network for electronically transferring funds between bank accounts.
Organizations and individuals who conduct financial transactions that meet specific criteria set by regulatory bodies are typically required to file payment forms and use ACH.
To fill out a payment form and ACH, individuals must provide information such as payee details, payment amount, date, and account information accurately.
The purpose of a payment form and ACH is to streamline and standardize payment processing, ensuring secure and efficient electronic transactions.
Information that must be reported typically includes payer and payee names, account numbers, routing numbers, transaction amounts, and relevant dates.
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