What are some common electronic payment definitions?
Direct Debits – the debiting of funds from your account electronically by an external party through direct entry You can set up a direct debit by providing a service provider with your BSB and account number. You are able to cancel this authority by contacting the external party or Beyond Bank Australia.
Periodic Payment (recurring payment) – the automatic debiting of funds from your account electronically and sending of those funds to another account or an external party. You are able to cancel this authority by contacting Beyond Bank Australia.
Quick Debit – the electronic debiting of funds from your account to another financial institution and depositing these funds in an account with us. You are able to cancel this authority by contacting Beyond Bank Australia.
Recurring Visa Payment Authority – the regular automatic debiting of funds from your account electronically by an external party using your Visa Debit or Visa Credit card number, expiry date and 3-digit CVV number on the back of your card. You are able to cancel this authority by contacting the external party.
https://www.beyondbank.com.au/need-help/what-are-some-common-electronic-payment-definitions