Directive 2007/64/EC of the European Parliament and of the Council
of 13 November 2007
on payment services in the internal market amending Directives 97/7/EC, 2002/65/EC, 2005/60/EC and 2006/48/EC and repealing Directive 97/5/EC
(Text with EEA relevance) (repealed)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE I

SUBJECT MATTER, SCOPE AND DEFINITIONS

Subject matter
Article 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Scope
Article 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Negative scope
Article 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Definitions
Article 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE II

PAYMENT SERVICE PROVIDERS
CHAPTER 1

Payment institutions
Section 1

General rules

Applications for authorisation
Article 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Initial capital
Article 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Own funds
Article 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Calculation of own funds
Article 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Safeguarding requirements
Article 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Granting of authorisation
Article 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Communication of the decision
Article 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Withdrawal of authorisation
Article 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Registration
Article 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Maintenance of authorisation
Article 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Accounting and statutory audit
Article 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Activities
Article 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 2

Other requirements

Use of agents, branches or entities to which activities are outsourced
Article 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Liability
Article 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Record-keeping
Article 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 3

Competent authorities and supervision

Designation of competent authorities
Article 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Supervision
Article 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Professional secrecy
Article 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Right to apply to the courts
Article 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exchange of information
Article 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exercise of the right of establishment and freedom to provide services
Article 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 4

Waiver

Conditions
Article 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Notification and information
Article 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 2

Common provisions

Access to payment systems
Article 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Prohibition for persons other than payment service providers to provide payment services
Article 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE III

TRANSPARENCY OF CONDITIONS AND INFORMATION REQUIREMENTS FOR PAYMENT SERVICES
CHAPTER 1

General rules

Scope
Article 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other provisions in Community legislation
Article 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Charges for information
Article 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Burden of proof on information requirements
Article 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Derogation from information requirements for low-value payment instruments and electronic money
Article 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 2

Single payment transactions

Scope
Article 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Prior general information
Article 36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Information and conditions
Article 37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Information for the payer after receipt of the payment order
Article 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Information for the payee after execution
Article 39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 3

Framework contracts

Scope
Article 40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Prior general information
Article 41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Information and conditions
Article 42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Accessibility of information and conditions of the framework contract
Article 43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Changes in conditions of the framework contract
Article 44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Termination
Article 45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Information before execution of individual payment transactions
Article 46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Information for the payer on individual payment transactions
Article 47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Information for the payee on individual payment transactions
Article 48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 4

Common provisions

Currency and currency conversion
Article 49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Information on additional charges or reductions
Article 50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE IV

RIGHTS AND OBLIGATIONS IN RELATION TO THE PROVISION AND USE OF PAYMENT SERVICES
CHAPTER 1

Common provisions

Scope
Article 51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Charges applicable
Article 52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Derogation for low value payment instruments and electronic money
Article 53 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 2

Authorisation of payment transactions

Consent and withdrawal of consent
Article 54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Limits of the use of the payment instrument
Article 55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Obligations of the payment service user in relation to payment instruments
Article 56 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Obligations of the payment service provider in relation to payment instruments
Article 57 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Notification of unauthorised or incorrectly executed payment transactions
Article 58 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Evidence on authentication and execution of payment transactions
Article 59 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Payment service provider's liability for unauthorised payment transactions
Article 60 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Payer's liability for unauthorised payment transactions
Article 61 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Refunds for payment transactions initiated by or through a payee
Article 62 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Requests for refunds for payment transactions initiated by or through a payee
Article 63 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 3

Execution of payment transactions
Section 1

Payment orders and amounts transferred

Receipt of payment orders
Article 64 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Refusal of payment orders
Article 65 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Irrevocability of a payment order
Article 66 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Amounts transferred and amounts received
Article 67 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 2

Execution time and value date

Scope
Article 68 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Payment transactions to a payment account
Article 69 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Absence of payee's payment account with the payment service provider
Article 70 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Cash placed on a payment account
Article 71 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

National payment transactions
Article 72 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Value date and availability of funds
Article 73 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 3

Liability

Incorrect unique identifiers
Article 74 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Non-execution or defective execution
Article 75 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Additional financial compensation
Article 76 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Right of recourse
Article 77 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

No liability
Article 78 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 4

Data protection

Data protection
Article 79 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 5

Out-of-court complaint and redress procedures for the settlement of disputes
Section 1

Complaint procedures

Complaints
Article 80 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Penalties
Article 81 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Competent authorities
Article 82 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 2

Out-of-court redress procedures

Out-of-court redress
Article 83 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE V

IMPLEMENTING MEASURES AND PAYMENTS COMMITTEE

Implementing measures
Article 84 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Committee
Article 85 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE VI

FINAL PROVISIONS

Full harmonisation
Article 86 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Review
Article 87 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Transitional provision
Article 88 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Amendment of Directive 97/7/EC
Article 89 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Amendments of Directive 2002/65/EC
Article 90 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Amendments of Directive 2005/60/EC
Article 91 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Amendments of Directive 2006/48/EC
Article 92 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Repeal
Article 93 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Transposition
Article 94 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Entry into force
Article 95 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Addressees
Article 96 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ANNEX

PAYMENT SERVICES (DEFINITION 3 IN ARTICLE 4)
1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.

Execution of payment transactions, including transfers of funds on a payment account with the user's payment service provider or with another payment service provider:
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4.

Execution of payment transactions where the funds are covered by a credit line for a payment service user:
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Repealed by Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC (Text with EEA relevance).