Payments
- debit card (card with a debit function)
A debit card lets a customer spend money already available in a linked bank or payment account. It can typically be used at merchants, online, and …
- default
Default is a failure by a participant to perform a material duty under the applicable contract or operating rules, triggering any remedies provided for that situation. …
- deferred net settlement system
A deferred net settlement system groups payment instructions for periodic clearing and calculates a single payable or receivable position for each participant. Funds are transferred at …
- delayed debit card (charge card)
A charge card lets customers spend up to a limit set by the provider and, where permitted, obtain cash advances. Instead of drawing immediately on a …
- designated system
In the European settlement-finality regime, a designated system is an officially recognized arrangement for processing payments or transferring securities whose status has been reported by the …
- digital payment token
A digital payment token is an electronic instrument used to convey monetary value in euro-related transactions. Its value may derive from euro assets or claims, a …
- digital wallet (electronic wallet)
A digital wallet is a technology service that helps a person make electronic payments by managing payment details, authentication data, or tokenised funds. Depending on the …
- direct debit
Direct debit is a payment method that allows an authorized biller or other recipient to collect money from a customer’s bank account, often on a scheduled …
- direct participant
A direct participant is an organisation that connects to a transfer system under its own membership rights and handles its system-related transactions itself. Depending on the …
- domestic settlement
Domestic settlement refers to the processing and final exchange of funds or assets through the same national or monetary-system infrastructure associated with the parties involved. It …