Also known as Lastschrift, Bankeinzug or Elektronisches Lastschriftverfahren, ELV is the main payment method in Germany. It works in a similar way to direct debiting and has had a paper equivalent for decades. Online casinos that serve German players often offer this method for deposits.

Online casinos accepting ELV

More information is available at:
http://en.wikipedia.org/wiki/Elektronisches_Lastschriftverfahren