The phrase "payment authorization" means giving permission for a payment to be made. It's like saying it's okay to deduct money from your account to pay for something. Full definition
I have seen voice recognition used to secure the contact center channel, fingerprints for mobile payments, facial recognition for remote customer registration, and iris used for digital payment authorization. (finextra.com)
If you wish to continue this service, please complete a Automatic Payment Authorization form and send via: (oldnational.com)
Payments to the Credit Union are governed by the terms of the automatic payment authorization form. (towerfcu.org)