How is a pull payment typically originated?

A pull payment is typically originated by a business with the consumer's consent because it involves the business initiating a transaction that draws funds from the consumer's account. In this scenario, the business requests access to the consumer's funds to complete a purchase or payment. This process requires explicit consent from the consumer, ensuring that they are aware and agree to the transaction and the amount being withdrawn.

This method contrasts with other forms where initiations may not require direct consumer consent, or where the consumer does not directly engage in authorizing the transaction at the point of the payment. In a pull payment scenario, clear consent safeguards both the consumer's and the business's interests, further ensuring compliance with regulatory frameworks surrounding payments.