direct debit
Definitions over time (1)
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12/01/2016 – 08/04/2024 Article 4, Payment Services Directive (PSD2) Scope: Whole act
For the purposes of this Directive, the following definitions apply:
‘direct debit’ means a payment service for debiting a payer’s payment account, where a payment transaction is initiated by the payee on the basis of the consent given by the payer to the payee, to the payee’s payment service provider or to the payer’s own payment service provider;
Other definitions of this term in this act (1)
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Used in (0 places in 0 provisions on 12/11/2026)
No text uses this concept on 12/11/2026.