Process flow of guaranteed direct debit:

– The customer issues a direct debit mandate with his signature. (digital or on paper).

– The risk engine runs on the basis of the credit scoring data and the transaction history data of the card used.

– The direct debit provider initiates a pull-transaction from the issuer for the settlement and transfers the funds to the merchant.

– If the risk assessment fails, the national scheme (with chip and PIN) is used as a fallback.

Learn more about how your company can benefit from guaranteed direct debit in our white paper.  

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