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direct debit

as defined in Directive 2007/64/EC of the European Parliament and of the Council of 13…, Article 4, point (28) (Definitions)

a payment service for debiting a payer's payment account, where a payment transaction is initiated by the payee on the basis of the payer's consent given to the payee, to the payee's payment service provider or to the payer's own payment service provider;

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