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  1. Point in time
    2024-07-22

continuous payment authority

    157consent given by a customer for a firm to make one or more requests to a payment service provider for one or more payments from the customer's payment account161, but excluding:

      1. (a) a direct debit to which the Direct Debit guarantee applies; and
      1. (b) separate consent given by a customer to a firm, following the making of the credit agreement, for the firm to make a single request to a payment service provider for one payment of a specified amount from the customer's payment account161 on the same day as the consent is given or on a specified day.