Deferred debit Definition.
French arrangement in which a month’s card payments are aggregated and debited in a single charge at month-end, interest-free. Under the Interchange Fee Regulation, a deferred debit card is treated as a credit card (interchange capped at 0.3%). It differs from revolving credit: there is no revolving balance and no cost to the cardholder, only a cash-flow delay.
See also
Where this term appears
GuideThe four-party modelGuideThe role of banksGuidePayments in AustriaGuideThe PSD2 framework contract and conduct-of-business rulesGuidePayments in IrelandGuidePayments in ThailandGuidePayments in IsraelGuidePayments in Israel and the LevantGuideB2B payments around the worldGuidePayments in transitGuidePayment cardsGuideClearing and settlement