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This not kind of direct debit that exists in EU zone.

? It sounds very similar to how we domicile bills from utilities to banks in Italy, you provide the account number a document and of they go.

You missed the part about the account holder having to pass the token issued to the merchant back to the bank.

Yeah, but we don't have direct debit except in one bank for business customers (B2B). Not in EU zone or EEA.