An Authorized Push Payment (APP) refers to a type of financial transaction that involves the transfer of money from one bank account to another, initiated by the account holder or an authorized party. It typically occurs through the use of mobile banking apps, online payment platforms, or other electronic means.

In an APP, the account holder provides explicit consent or authorization for the payment to be made. This distinguishes it from unauthorized or fraudulent transactions, where the account holder is unaware of or did not give consent for the payment.

APPs are commonly used for various purposes, such as paying bills, making purchases, transferring funds to friends or family, and settling financial obligations.

They provide a convenient and efficient way to transfer money electronically, eliminating the need for physical cash or paper-based payment methods.

It’s worth noting that while authorized push payments are generally legitimate transactions, there can be instances of scams or fraudulent activities where individuals are tricked into authorizing payments unknowingly or under false pretenses. It is important to exercise caution and verify the authenticity of requests before authorizing any APP.