[14430] in Cypherpunks
re: digital clearinghouse
daemon@ATHENA.MIT.EDU (Brookfield Economics Institute (U.)
Mon May 30 14:34:53 1994
Date: Mon, 30 May 1994 11:25:37 -0700
To: cypherpunks@toad.com
From: brookfld@netcom.com (Brookfield Economics Institute (U.S.A.) Limited)
We are able to use ACH ourselves.
Yes, a customer can pre-authorize us to take amounts out of their checking
account using ACH. The amounts do not have to be periodic, they can be any
time, any amount.
Our bank, with whom we are setting up ACH, determines whether or not we are
using adequate security and authorization procedures, and holds us
responsible if we're not.
BROOKFIELD ECONOMICS INSTITUTE
(U.S.A.) Limited
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