Issuing or receiving cheques Cheques and paper items are declining steadily, yet they remain one of the most popular payment methods for many businesses in Canada. Â Guide Pre-authorized debit Pre-Authorized debits (PADs) are a powerful tool for businesses. They are sometimes called direct debit, pre-authorized chequing (PAC), pre-authorized withdrawals or pre-authorized payments (PAPs). Guide Wire payments Wire transfers are a quick, safe and reliable way for businesses to transfer funds both domestically and internationally. Guide