There is a common understanding that direct debit is a simple and secure payment instrument where the consumer has the advantage of not having to be responsible for initiating a payment at the right point in time. Since the introduction of the German legacy, the Direct Debit scheme for consumers in the early 1960s, customers have been well informed about their extensive rights to refunds. This was a major feature that promoted consumer trust in direct debits. In addition, creditor banks constantly monitor the R-transaction risk and related credit risk to ensure that the Direct Debit scheme performs optimally…

Den Originalartikel finden Sie hier: Is Germany’s payment landscape changing? | European Payments Council