Galloway said,"For every parent who has provided health records to the school nurse, authorized bank debits
for a lunch plan or exchanged emails with a teacher about concerns in the classroom, there are real consequences to having that information released to individuals who might seek to profit from or exploit it.
The Service is trying to encourage taxpayers to use direct bank debits
on their installment agreements, because the default rate is much lower than for other agreements.
Unlike other cash management technologies, automatic bank debits are used as frequently in smaller governments as in larger governments.
In the near future, it is possible that governments will increase their acceptance of the Internet and automatic bank debits as methods of payment.
The GFOA/JPMorgan Chase survey found that many state and local governments accept payments via automatic bank debit, the Internet, and the telephone.
Soon, Payseal will also be able to handle a variety of other payment modes such as debit & smart cards and direct bank debits
The Gateway offers the flexibility of multiple payment modes including credit, debit &smart cards, direct bank debits
Automatic bank debits
are more commonly known as Electronic Funds Transfers ("EFT"), an automated process of transferring money by computer using the facilities of the Automated Clearing House ("ACH"), an independent entity closely associated with the Federal Reserve Bank.