Programmable paymentsare executed automatically when predefined conditions are met. These payments are therefore highly automated and follow a predefined logic. Programmable payments already exist in today's banking system, for example in the form of standing orders and direct debits. However, they are limited in that complex logics or business processes cannot be executed without human intervention. (Publication date 03.05.2021)

(see https://philippsandner.medium.com/programmable-money-and-programmable-payments-8038ed8fa714)