Date-stamp loading
Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Published date: 5 December 2007

Directive 2007/64/EC - Payment Services Directive (PSD)

Recitals
Title I Subject Matter, Scope and Definitions (arts. 1-4)
Repealed
Article 1 Subject matter
Repealed
Article 2 Scope
Repealed
Article 3 Negative scope
Repealed
Article 4 Definitions
Title II Payment Service Providers (arts. 5-29)
Chapter 1 Payment institutions (arts. 5-27)
Section 1 General rules (arts. 5-16)
Repealed
Article 5 Applications for authorisation
Repealed
Article 6 Initial capital
Repealed
Article 7 Own funds
Repealed
Article 8 Calculation of own funds
Repealed
Article 9 Safeguarding requirements
Repealed
Article 10 Granting of authorisation
Repealed
Article 11 Communication of the decision
Repealed
Article 12 Withdrawal of authorisation
Repealed
Article 13 Registration
Repealed
Article 14 Maintenance of authorisation
Repealed
Article 15 Accounting and statutory audit
Repealed
Article 16 Activities
Section 2 Other requirements (arts. 17-19)
Repealed
Article 17 Use of agents, branches or entities to which activities are outsourced
Repealed
Article 18 Liability
Repealed
Article 19 Record-keeping
Section 3 Competent authorities and supervision (arts. 20-25)
Repealed
Article 20 Designation of competent authorities
Repealed
Article 21 Supervision
Repealed
Article 22 Professional secrecy
Repealed
Article 23 Right to apply to the courts
Repealed
Article 24 Exchange of information
Repealed
Article 25 Exercise of the right of establishment and freedom to provide services
Section 4 Waiver (arts. 26-27)
Repealed
Article 26 Conditions
Repealed
Article 27 Notification and information
Chapter 2 Common provisions (arts. 28-29)
Repealed
Article 28 Access to payment systems
Repealed
Article 29 Prohibition for persons other than payment service providers to provide payment services
Title III Transparency of Conditions and Information Requirements for Payment Services (arts. 30-50)
Chapter 1 General rules (arts. 30-34)
Repealed
Article 30 Scope
Repealed
Article 31 Other provisions in Community legislation
Repealed
Article 32 Charges for information
Repealed
Article 33 Burden of proof on information requirements
Repealed
Article 34 Derogation from information requirements for low-value payment instruments and electronic money
Chapter 2 Single payment transactions (arts. 35-39)
Repealed
Article 35 Scope
Repealed
Article 36 Prior general information
Repealed
Article 37 Information and conditions
Repealed
Article 38 Information for the payer after receipt of the payment order
Repealed
Article 39 Information for the payee after execution
Chapter 3 Framework contracts (arts. 40-48)
Repealed
Article 40 Scope
Repealed
Article 41 Prior general information
Repealed
Article 42 Information and conditions
Repealed
Article 43 Accessibility of information and conditions of the framework contract
Repealed
Article 44 Changes in conditions of the framework contract
Repealed
Article 45 Termination
Repealed
Article 46 Information before execution of individual payment transactions
Repealed
Article 47 Information for the payer on individual payment transactions
Repealed
Article 48 Information for the payee on individual payment transactions
Chapter 4 Common provisions (arts. 49-50)
Repealed
Article 49 Currency and currency conversion
Repealed
Article 50 Information on additional charges or reductions
Title IV Rights and Obligations in Relation to the Provision and use of Payment Services (arts. 51-83)
Chapter 1 Common provisions (arts. 51-53)
Repealed
Article 51 Scope
Repealed
Article 52 Charges applicable
Repealed
Article 53 Derogation for low value payment instruments and electronic money
Chapter 2 Authorisation of payment transactions (arts. 54-63)
Repealed
Article 54 Consent and withdrawal of consent
Repealed
Article 55 Limits of the use of the payment instrument
Repealed
Article 56 Obligations of the payment service user in relation to payment instruments
Repealed
Article 57 Obligations of the payment service provider in relation to payment instruments
Repealed
Article 58 Notification of unauthorised or incorrectly executed payment transactions
Repealed
Article 59 Evidence on authentication and execution of payment transactions
Repealed
Article 60 Payment service provider's liability for unauthorised payment transactions
Repealed
Article 61 Payer's liability for unauthorised payment transactions
Repealed
Article 62 Refunds for payment transactions initiated by or through a payee
Repealed
Article 63 Requests for refunds for payment transactions initiated by or through a payee
Chapter 3 Execution of payment transactions (arts. 64-78)
Section 1 Payment orders and amounts transfer red (arts. 64-67)
Repealed
Article 64 Receipt of payment orders
Repealed
Article 65 Refusal of payment orders
Repealed
Article 66 Irrevocability of a payment order
Repealed
Article 67 Amounts transferred and amounts received
Section 2 Execution time and value date (arts. 68-73)
Repealed
Article 69 Payment transactions to a payment account
Repealed
Article 70 Absence of payee's payment account with the payment service provider
Repealed
Article 71 Cash placed on a payment account
Repealed
Article 72 National payment transactions
Repealed
Article 73 Value date and availability of funds
Repealed
Article 68 Scope
Section 3 Liability (arts. 74-78)
Repealed
Article 74 Incorrect unique identifiers
Repealed
Article 75 Non-execution or defective execution
Repealed
Article 76 Additional financial compensation
Repealed
Article 77 Right of recourse
Repealed
Article 78 No liability
Chapter 4 Data protection (art. 79)
Repealed
Article 79 Data protection
Chapter 5 Out-of-court complaint and redress procedures for the settlement of disputes (arts. 80-83)
Section 1 Complaint procedures (arts. 80-82)
Repealed
Article 80 Complaints
Repealed
Article 81 Penalties
Repealed
Article 82 Competent authorities
Section 2 Out-of-court redress procedures (art. 83)
Repealed
Article 83 Out-of-court redress
Title V Implementing Measures and Payments Committee (arts. 84-85)
Repealed
Article 84 Implementing measures
Repealed
Article 85 Committee
Title VI Final Provisions (arts. 86-96)
Repealed
Article 86 Full harmonisation
Repealed
Article 87 Review
Repealed
Article 88 Transitional provision
Repealed
Article 89 Amendment of Directive 97/7/EC
Repealed
Article 90 Amendments of Directive 2002/65/EC
Repealed
Article 91 Amendments of Directive 2005/60/EC
Repealed
Article 92 Amendments of Directive 2006/48/EC
Repealed
Article 93 Repeal
Repealed
Article 94 Transposition
Repealed
Article 95 Entry into force
Repealed
Article 96 Addressees
Repealed
Annex - Payment Services (Definition 3 in Article 4)
Done at