Chapter II Obligations for the payment service provider of the payer Article 4 Complete information on the payer Complete information on the payer shall consist of his name , address and account number .

The debit value date for the payer 's payment account shall be the point in time at which that account is debited .

Where the account number of the payer does not exist , the payment service provider of the payer may substitute it by a unique identifier , which allows the transaction to be traced back to the payer .

Sender 's payment reference 4.1.3 .

Sender 's payment reference 7.3 .

Article 6 Transfers of funds within the Community By way of derogation from Article 5 , transfers of funds , where both the payment service provider of the payer and the payment service provider of the payee are situated in the Community , shall only be required to be accompanied by the account number of the payer or a unique identifier allowing the transaction to be traced back to the payer .

In cases where either the PSP of the payer or of the payee are situated outside the EU , complete information on the payer should be transmitted .

( 7 )

The payment service provider of the payer shall keep records for five years of complete information on the payer which accompanies transfers of funds .

Malfunction period ( in number of days ) 6.2.4 .

The PSPs of the payer and of the payee only receive the information necessary to settle the transaction on their customer 's account , i.e. they receive no information on the underlying purpose of the transaction .

The PSP of the payer must ensure that transfers of funds contain complete , accurate and meaningful information on the payer .

EN transfers of funds , it may either reject the transfer , or ask for complete information on the payer .

( 3 ) The need for derogation from the principle of complete information on the payer as regards batch transfers between jurisdictions

For transfers of funds from a single payer to several payees to be sent in an inexpensive way in batch files containing individual transfers , such individual transfers should be able to carry only the account number of the payer , provided that the batch file contains complete information on the payer .

DIRECT INDIRECT

However , the intention behind Article 2 ( 2 ) may be that the settlement ( via the PSP of the payer ) of the bill relating to the underlying credit card transactions made by the payer is not part of any credit transfer that could have been initiated using the credit card , but a completely separate credit transfer from the payer to the credit card company .

The present proposal therefore establishes that simplified information ( the account number of the payer or a unique identifier ) has to be applied to transfers of funds within the EU , whereas complete information on the payer has to be applied to transfers of funds between the EU and other jurisdictions .

Sender 's payment reference 5.3.3 .

The payment service provider of the payer shall cease to make funds available to the payer as soon as those funds are debited from the payer 's payment account .

The payment service provider of the payer shall , before transferring the funds , verify the complete information on the payer on the basis of documents , data or information obtained from a reliable and independent source .

44 EN

Rules regarding the calculation of reimbursement under the scheme ( a ) In the event of malfunctioning of Target , the sending participant may have a temporary excess of liquidity with the sending NCB , whilst the NCB of the receiving participant may have to provide the amounts of the failed payment to that receiving participant .

By derogation from the complete information regime that applies between jurisdictions , batch transfers needed only carry the account number of the payer or a unique identifier .

As this rule is enforceable within the Community by way of Community legislation , it is sufficient to require transfers of funds within the EU to be accompanied by the account number of the payer .

As this rule is enforceable within the Community by way of Community legislation, it is sufficient to require transfers of funds within the EU to be accompanied by the account number of the payer.

For transfers of funds where the payment service provider of the payer is situated outside the Community , complete information on the payer as referred to in Article 4 , or , where applicable , the information required under Article 13 .

This Regulation shall not apply to transfers of funds where both the payer and the payee are payment service providers acting on their own behalf .

In cases where all the conditions set out in the payment service contract in accordance with Article 31 are met , the payer 's payment service provider shall not refuse to execute a payment order which has been initiated through a payment service provider other than the holder of the payer 's payment account and which is covered by the authorisation given by the payer .

In order to check whether the required information on the payer accompanies transfers of funds , and to help to identify suspicious transactions , the payment service provider of the payee should have effective procedures in order to detect a lack of presence of information on the payer .

However , if so requested by the payment service provider of the payee , the payment service provider of the payer shall make available to the payment service provider of the payee , complete information on the payer , within three working days of receiving that request .

( c ) The scheme shall also apply where a sending participant is unable to recover funds which have been debited to its RTGS account , but which are subsequently blocked overnight in the national RTGS system due to malfunctioning , in which case reimbursement shall be made for the period until such funds are returned to the sending participant .

WAS CLAIMANT A SENDING TARGET PARTICIPANT OR A RECEIVING TARGET PARTICIPANT ?

the full amount of the payment transaction transferred from the payer

Member States shall require the payer 's payment service provider to ensure that , after the point in time of acceptance , the amount ordered is credited to the payee 's payment account at the latest at the end of the first working day following the point in time of acceptance .

It also establishes that outgoing transfers of funds from the EU shall be accompanied by complete information on the payer , but in order to take into account the risk of driving transactions underground , flexibility is however allowed as regards the extent of verification of information on the payer , on a risksensitive basis .

15 minutes prior to the defined debit time , the instructing participant shall be sent an automatic notification via the ICM .

Charset Codepage

Member States shall ensure that the payer shall 1 .

The payer shall explicitly agree to the service on that basis .

Where the transaction is initiated by the payer and includes a currency conversion , the payer and his payment service provider may provide otherwise by explicit agreement .

( iii ) name and address of the counterparty ( receiving participant in case the claimant is a sending participant and sending participant in case the claimant is a receiving participant )

Chapter IV Obligations for intermediary payment service providers Article 12 Retaining information on the payer with the transfer Intermediary payment service providers shall ensure that all received information on the payer that accompanies a transfer of funds is retained with the transfer .

Article 60 Payment transactions initiated by the payer 1 .

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