Payment Services Directive 2 (PSD2) (2024)

  • Recital: Recital

  • Title I: SUBJECT MATTER, SCOPE AND DEFINITIONS

    • Article 1: Subject matter

    • Article 2: Scope

    • Article 3: Exclusions

    • Article 4: DefinitionsPayment Services Directive 2 (PSD2) (1)

  • TITLE II: PAYMENT SERVICE PROVIDERS

    • CHAPTER 1: Payment institutions

      • Section 1: General rules

        • Article 5: Applications for authorisation

        • Article 6: Control of the shareholdingPayment Services Directive 2 (PSD2) (2)

        • Article 7: Initial capital

        • Article 8: Own funds

        • Article 9: Calculation of own fundsPayment Services Directive 2 (PSD2) (3)

        • Article 10: Safeguarding requirementsPayment Services Directive 2 (PSD2) (4)

        • Article 11: Granting of authorisationPayment Services Directive 2 (PSD2) (5)

        • Article 12: Communication of the decision

        • Article 13: Withdrawal of authorisationPayment Services Directive 2 (PSD2) (6)

        • Article 14: Registration in the home Member State

        • Article 15: EBA registerPayment Services Directive 2 (PSD2) (7)

        • Article 16: Maintenance of authorisation

        • Article 17: Accounting and statutory audit

        • Article 18: Activities

      • Section 2: Other requirements

        • Article 19: Use of agents, branches or entities to which activities are outsourcedPayment Services Directive 2 (PSD2) (8)

        • Article 20: Liability

        • Article 21: Record-keeping

      • Section 3: Competent authorities and supervision

      • Section 4: Exemption

        • Article 32: Conditions

        • Article 33: Account information service providers

        • Article 34: Notification and information

    • CHAPTER 2: Common provision

      • Article 35: Access to payment systems

      • Article 36: Access to accounts maintained with a credit institution

      • Article 37: Prohibition of persons other than payment service providers from providing payment services and duty of notification

  • TITLE III: TRANSPARENCY OF CONDITIONS AND INFORMATION REQUIREMENTS FOR PAYMENT SERVICES

    • CHAPTER 1: General rules

      • Article 38: Scope

      • Article 39: Other provisions in Union law

      • Article 40: Charges for information

      • Article 41: Burden of proof on information requirements

      • Article 42: Derogation from information requirements for low-value payment instruments and electronic money

    • CHAPTER 2: Single payment transactions

      • Article 43: Scope

      • Article 44: Prior general information

      • Article 45: Information and conditions

      • Article 46: Information for the payer and payee after the initiation of a payment order

      • Article 47: Information for payer’s account servicing payment service provider in the event of a payment initiation service

      • Article 48: Information for the payer after receipt of the payment order

      • Article 49: Information for the payee after execution

    • CHAPTER 3: Framework contracts

      • Article 50: Scope

      • Article 51: Prior general information

      • Article 52: Information and conditions

      • Article 53: Accessibility of information and conditions of the framework contract

      • Article 54: Changes in conditions of the framework contractPayment Services Directive 2 (PSD2) (10)

      • Article 55: Termination

      • Article 56: Information before execution of individual payment transactions

      • Article 57: Information for the payer on individual payment transactions

      • Article 58: Information for the payee on individual payment transactions

    • CHAPTER 4: Common provisions

      • Article 59: Currency and currency conversion

      • Article 60: Information on additional charges or reductions

  • TITLE IV: RIGHTS AND OBLIGATIONS IN RELATION TO THE PROVISION AND USE OF PAYMENT SERVICES

    • CHAPTER 1: Common provisions

      • Article 61: Scope

      • Article 62: Charges applicable

      • Article 63: Derogation for low value payment instruments and electronic money

    • CHAPTER 2: Authorisation of payment transactions

      • Article 64: Consent and withdrawal of consentPayment Services Directive 2 (PSD2) (11)

      • Article 65: Confirmation on the availability of funds

      • Article 66: Rules on access to payment account in the case of payment initiation servicesPayment Services Directive 2 (PSD2) (12)

      • Article 67: Rules on access to and use of payment account information in the case of account information servicesPayment Services Directive 2 (PSD2) (13)

      • Article 68: Limits of the use of the payment instrument and of the access to payment accounts by payment service providers

      • Article 69: Obligations of the payment service user in relation to payment instruments and personalised security credentials

      • Article 70: Obligations of the payment service provider in relation to payment instrumentsPayment Services Directive 2 (PSD2) (14)

      • Article 71: Notification and rectification of unauthorised or incorrectly executed payment transactions

      • Article 72: Evidence on authentication and execution of payment transactionsPayment Services Directive 2 (PSD2) (15)

      • Article 73: Payment service provider’s liability for unauthorised payment transactions

      • Article 74: Payer’s liability for unauthorised payment transactionsPayment Services Directive 2 (PSD2) (16)

      • Article 75: Payment transactions where the transaction amount is not known in advance

      • Article 76: Refunds for payment transactions initiated by or through a payee

      • Article 77: Requests for refunds for payment transactions initiated by or through a payee

    • CHAPTER 3: Execution of payment transactions

      • Section 1: Payment orders and amounts transferred

        • Article 78: Receipt of payment orders

        • Article 79: Refusal of payment orders

        • Article 80: Irrevocability of a payment order

        • Article 81: Amounts transferred and amounts received

      • Section 2: Execution time and value date

        • Article 82: Scope

        • Article 83: Payment transactions to a payment account

        • Article 84: Absence of payee’s payment account with the payment service provider

        • Article 85: Cash placed on a payment account

        • Article 86: National payment transactions

        • Article 87: Value date and availability of fundsPayment Services Directive 2 (PSD2) (17)

      • Section 3: Liability

        • Article 88: Incorrect unique identifiers

        • Article 89: Payment service providers’ liability for non-execution, defective or late execution of payment transactions

        • Article 90: Liability in the case of payment initiation services for non-execution, defective or late execution of payment transactions

        • Article 91: Additional financial compensation

        • Article 92: Right of recourse

        • Article 93: Abnormal and unforeseeable circ*mstances

    • CHAPTER 4: Data protection

      • Article 94: Data protection

    • CHAPTER 5: Operational and security risks and authentication

      • Article 95: Management of operational and security risksPayment Services Directive 2 (PSD2) (18)

      • Article 96: Incident reportingPayment Services Directive 2 (PSD2) (19)

      • Article 97: AuthenticationPayment Services Directive 2 (PSD2) (20)

      • Article 98: Regulatory technical standards on authentication and communicationPayment Services Directive 2 (PSD2) (21)Payment Services Directive 2 (PSD2) (22)Payment Services Directive 2 (PSD2) (23)

    • CHAPTER 6: ADR procedures for the settlement of disputes

      • Section 1: Complaint procedures

        • Article 99: Complaints

        • Article 100: Competent authorities

      • Section 2: ADR procedures and penalties

        • Article 101: Dispute resolution

        • Article 102: ADR procedures

        • Article 103: Penalties

  • TITLE V: DELEGATED ACTS AND REGULATORY TECHNICAL STANDARDS

    • Article 104: Delegated acts

    • Article 105: Exercise of the delegation

    • Article 106: Obligation to inform consumers of their rights

  • TITLE VI: FINAL PROVISIONS

    • Article 107: Full harmonisation

    • Article 108: Review clause

    • Article 109: Transitional provision

    • Article 110: Amendments to Directive 2002/65/EC

    • Article 111: Amendments to Directive 2009/110/EC

    • Article 112: Amendments to Regulation (EU) No 1093/2010

    • Article 113: Amendment to Directive 2013/36/EU

    • Article 114: Repeal

    • Article 115: Transposition

    • Article 116: Entry into force

    • Article 117: Addresses

  • ANNEX I: PAYMENT SERVICES

  • ANNEX II: CORRELATION TABLE

    • Payment Services Directive 2 (PSD2) (2024)
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