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Payment Authorization Form
"I need a Payment Authorization Form for my Belgian software company to set up recurring monthly payments from our corporate clients, with the first payment starting March 2025, including multi-currency support and strong authentication requirements."
1. Form Title and Date: Clear identification of the document as a Payment Authorization Form with date of completion
2. Payer Information: Complete details of the individual/entity authorizing the payment, including legal name, address, and contact information
3. Payee Information: Details of the recipient/beneficiary of the payment, including name, address, and business/tax registration numbers if applicable
4. Payment Details: Specific information about the payment(s), including amount, currency, frequency, and payment method
5. Bank Account Information: Relevant banking details including IBAN, BIC/SWIFT, and account holder name
6. Authorization Declaration: Clear statement of authorization being granted, including scope and duration
7. Data Protection Notice: GDPR-compliant statement about how personal and financial data will be processed
8. Cancellation Rights: Information about how and when the authorization can be cancelled
9. Signature Block: Space for signature(s), date, and any witness requirements
1. Recurring Payment Terms: Include when authorization is for recurring payments, specifying frequency and duration
2. Multiple Currency Authorization: Include when payments may be processed in different currencies
3. Third Party Authorization: Include when payment is being authorized by someone other than the account holder
4. Digital Authentication Method: Include when form will be completed electronically, specifying accepted authentication methods
5. Special Instructions: Include when specific payment processing instructions or conditions apply
6. Corporate Authorization: Include when the payer is a company, requiring details of authorized signatories and corporate approvals
1. Schedule A - Payment Schedule: Detailed breakdown of payment dates and amounts for recurring payments
2. Schedule B - Terms and Conditions: Detailed terms and conditions of the payment authorization
3. Appendix 1 - Supporting Documentation: List of required supporting documents (e.g., ID verification, corporate resolutions)
4. Appendix 2 - Privacy Notice: Detailed GDPR-compliant privacy notice regarding data processing
Authors
Banking
Financial Services
Retail
E-commerce
Insurance
Telecommunications
Utilities
Professional Services
Healthcare
Education
Real Estate
Subscription Services
Non-profit Organizations
Government Services
Finance
Legal
Compliance
Treasury
Accounts Payable
Banking Operations
Payment Operations
Risk Management
Corporate Governance
Customer Service
Administrative Services
Finance Manager
Accounts Payable Specialist
Treasury Manager
Financial Controller
Compliance Officer
Legal Counsel
Account Manager
Payment Operations Manager
Banking Relations Manager
Financial Administrator
Contract Administrator
Risk Manager
Corporate Secretary
Finance Director
Payments Specialist
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