It actually is way older than the eurozone, those systems were just generalized to apply to all of the EU + EFTA with the SEPA payment system. I guess this stem

It actually is way older than the eurozone, those systems were just generalized to apply to all of the EU + EFTA with the SEPA payment system. I guess this stems more from a stronger hands off approach in the US. > There is nothing inherent in a "pull" model that prevents fraud; you need additional controls around the relationship to prevent that. I read a bit up on direct debit and it seems like they have fraud problems in the UK, while there's next to no fraud in Germany. I guess the reasons are that you can revert it for several weeks, it's perfectly traceable who did it