__________________ is a transfer that is authorized in advance to occur at substantially regular intervals. Payments that require the consumer to take specific actions to initiate them (such as by entering instructions on a touch-tone telephone or on the Internet) are not such type of EFTs.

Question

Quizplus · Accepted Answer

A preauthorized EFT is a transfer that is authorized in advance to occur at substantially regular intervals.

__________________ Is a Transfer That Is Authorized in Advance to Occur