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Home > QFINANCE Dictionary > Definition of Automated Direct Debit Amendment and Cancellation Service

Definition of

Automated Direct Debit Amendment and Cancellation Service

Banking

UK computerized system for changing direct debits in the United Kingdom, a BACS service that allows paying banks to inform direct debit payees of a change of instruction, for example, an amendment to the customer's account details or a request to cancel the instructions.

Related definitions of "Automated Direct Debit Amendment and Cancellation Service"

Definitions of ’Automated Direct Debit Amendment and Cancellation Service’ and meaning of ’Automated Direct Debit Amendment and Cancellation Service’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’Automated Direct Debit Amendment and Cancellation Service’ and other financial terms with our online QFINANCE Financial Dictionary.

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