# Direct debit, electronic, ELV (electronic direct debiting scheme)

- Canonical URL: https://www.gerhardmerk.de/direct-debit-electronic-elv-electronic-direct-debiting-scheme
- Post ID: 592621
- Modified: 2023-07-25T21:00:39+00:00
- Language: en

## Definition

Payment option developed by retailers based on a debit card without PIN code with signature for collection authorization. In 2010, this payment method had a market share of just over twelve percent by value of transactions in the German retail sector. Due to the EU's SEPA regulation, this procedure may only be used until February 01, 2016. - See debit authorization, card benefit voucher, money, electronic. - Cf. Deutsche Bundesbank Monthly Report of December 2006, p. 94 f. (dissemination; p. 95: overview), Deutsche Bundesbank Monthly Report of January 2012, p. 51 (phasing out of ELV). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1