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

Financial servicesLevel 1DirectivePSD2In forceVerifiedOfficial source

In addition to the information and conditions specified in Article 45, where a payment order is initiated through a payment initiation service provider, the payment initiation service provider shall, immediately after initiation, provide or make available all of the following data to the payer and, where applicable, the payee:

46(a)

(a)confirmation of the successful initiation of the payment order with the payer’s account servicing payment service provider;

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46(b)

(b)a reference enabling the payer and the payee to identify the payment transaction and, where appropriate, the payee to identify the payer, and any information transferred with the payment transaction;

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46(c)

(c)the amount of the payment transaction;

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46(d)

(d)where applicable, the amount of any charges payable to the payment initiation service provider for the transaction, and where applicable a breakdown of the amounts of such charges.

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