2019 Study on the Alternative Payment Solution, ELV - ResearchAndMarkets.com

The "Alternative Payment Solution: ELV" report has been added to ResearchAndMarkets.com's offering.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Thursday, March 7, 2019
Information
Tags: 
Professional services, Banking, Economy, Money, Finance, Online payments, Payment systems, E-commerce, Wirecard, Banking in Germany, Ingenico, Adyen, Direct debit, Worldpay
⚠generated by AI ↴
Summary
Key Points: 
  • The "Alternative Payment Solution: ELV" report has been added to ResearchAndMarkets.com's offering.
  • The report provides information and insights into alternative payment solution ELV, including:
    Elektronisches Lastschriftverfahren (ELV) is an electronic direct debit system in Germany.
  • It is a popular payment solution in Germany for both in-store and online payments, and is an alternative payment option for customers who do not like using credit cards online to pay for products or services.
  • ELV payments are accepted by most banks in Germany, as well as by a number of payment service providers (PSPs), including Worldpay, Skrill, Elavon, Ingenico, Adyen, Six Payment Services, emerchantpay and Wirecard.


The "Alternative
Payment Solution: ELV" report has been added to ResearchAndMarkets.com's
offering.

The report provides information and insights into alternative
payment solution ELV, including:

  • Detailed insight into its business
  • Comprehensive coverage of its products and services
  • Comparative assessment with key alternative payment solutions
  • Information on its performance, including its revenue model
  • The company's important events and milestones

Elektronisches Lastschriftverfahren (ELV) is an electronic direct debit
system in Germany. Launched in the 1980s by a group of merchants, it
accounted for 7% of all non-cash transaction volume in Germany in 2017.

It is a popular payment solution in Germany for both in-store and online
payments, and is an alternative payment option for customers who do not
like using credit cards online to pay for products or services.

In-store ELV payments are made using debit cards that contain the
necessary bank details. The system allows retailers to initiate an
automated direct debit transaction at the point of sale (POS) terminal,
and the amount is debited from the customer's bank account.

ELV can also be used as a payment option by e-retailers. Payments are
not authorized by issuing banks, and merchants have to bear the risk of
defaults.

ELV payments are accepted by most banks in Germany, as well as by a
number of payment service providers (PSPs), including Worldpay, Skrill,
Elavon, Ingenico, Adyen, Six Payment Services, emerchantpay and Wirecard.

Scope

  • A group of German merchants came together in the 1980s to create ELV.
  • In-store ELV payments can be carried out at POS terminals using debit
    cards, with the amount debited from the customer's bank account.
  • ELV is also used for online payments.
  • Since ELV payments are not guaranteed by an issuing bank, merchants
    must bear the risk of defaults.

Reasons to Buy

  • Gain insights into ELV's business operations and key events.
  • Gain insights into its product portfolio and revenue model.
  • Assess the competitive dynamics in the alternative payments industry
    by comparing its performance against competitors.

Topics Covered

  • Overview
  • Key Facts & Historic Milestones
  • Benchmarking
  • Performance Highlights
  • Products & Services
  • In-Store Payment Process
  • Appendix

Companies Mentioned

  • ELV
  • Worldpay
  • Skrill
  • Elavon
  • Ingenico
  • Adyen
  • Six Payment Services
  • emerchantpay
  • Wirecard
  • Giropay

For more information about this report visit https://www.researchandmarkets.com/research/vd9sb7/2019_study_on_the?w=4

Copyright: 
Copyright Business Wire 2019