What DIRECTIVE (EU) 2015/2366 on payment services in the internal market - Article 83: Consent and withdrawal of consent requires
This article requires payment service providers to obtain explicit consent from the payer before executing a payment transaction, to treat transactions without consent as unauthorised, and to provide a mechanism for payers to withdraw consent.
Pillar: Banking & Global Finance · Authority: European Parliament and Council of the European Union · Version: 1.0.0 · Last updated:
Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32015L2366
SHA-256 integrity: 895826743c2cc9a9945e6911c54c4d26bddc24c24c7a482dc35cff6e4c0da21b
Primary Citations — 6 traced to source
- Article 83(1): A payment transaction is to be regarded as having been authorised only if the payer has given consent to execute the payment transaction.
- Article 83(1): A payment transaction may be authorised by the payer before or, if agreed between the payer and the payment service provider, after the execution of the payment transaction.
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