On 4 March 2010, the European Commission updated its paper setting out questions and answers on the Payment Services Directive (PSD). New answers to questions on the following issues have been published:

  • Article 2 - Geographical coverage of the PSD.
  • Article 64(1) - Determination of point in time of receipt.
  • Article 66(4) - Irrevocability.
  • Articles 68, 69 and 72 - National payment executions and maximum execution time.
  • General - Definition of payment transaction.
  • General - Currency and payment transaction.
  • General - Bank account and personal data.
  • General - Payment accounts and combined services.
  • Title 1, Article 1 - In-scope institution.

View Your questions on PSD, 4 March 2010