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Competitor Profile: ELV

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AED 1285

Restricted to one authorized user; Open on 1 PC/ mobile / Tablet only.
Print Option: No
Copy Option: No
Download Option: No
Deliverable Format : PDF viewable on the website via username

Site License
AED 2569

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Copy Option: Yes
Download Option: Yes
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Details

Competitor Profile: ELV

Summary

Elektronisches Lastschriftverfahren (ELV) is an electronic direct debit system in Germany. Launched in the 1980s by a group of merchants, it accounted for 5.9% of the country's non-cash transaction volume in 2018.

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, after which 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.

The report provides information and insights into 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

- The company's important events and milestones

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.

- Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.

READ MORE

Table Of Content

Scope

Table of Contents

Overview

Key Facts & Historic Milestones

Benchmarking

Performance Highlights

Products & Services

Appendix

Licence Rights

Single User License:
Report can be used by individual purchaser only

Site License:
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License: 
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Section Purchase

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

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Products and Companies

Products

ELV, Alternative payments, In-store payments, Online payments


Companies

ELV

Worldpay

Skrill

Elavon

Ingenico

Adyen

Six Payment Services

emerchantpay

Wirecard

Giropay

Company Profile

Company Profile Title

Competitor Profile: ELV

Summary

Elektronisches Lastschriftverfahren (ELV) is an electronic direct debit system in Germany. Launched in the 1980s by a group of merchants, it accounted for 5.9% of the country's non-cash transaction volume in 2018.

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, after which 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.

The report provides information and insights into 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

- The company's important events and milestones

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.

- Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.

READ MORE

Scope

Table of Contents

Overview

Key Facts & Historic Milestones

Benchmarking

Performance Highlights

Products & Services

Appendix

Single User License:
Report can be used by individual purchaser only

Site License:
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License: 
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS

Products

ELV, Alternative payments, In-store payments, Online payments


Companies

ELV

Worldpay

Skrill

Elavon

Ingenico

Adyen

Six Payment Services

emerchantpay

Wirecard

Giropay