Database on German and European Economic Law

 Directive 2015/2366/EU

I. Description

Directive on Payment Services II replaces the old Directive on Payment Services of 2007. The new rules aim to protect consumers better when they make payments, promote the development and use of innovative online and mobile payments and make European payment services safer. Some of the changes that the new rules introduce are:

  • Introduction of strict security requirements for the initiation and processing of electronic payments and the protection of consumers' financial data;
  • Opening the EU payment market for companies offering consumer or business-oriented payment services based on the access to information about the payment account – the so called "payment initiation services providers" and "account information services providers";
  • Enhancing consumers’ rights in numerous areas, including reducing the liability for non-authorised payments, introducing an unconditional ("no questions asked") refund right for direct debits in euro; and
  • Prohibition of surcharging (additional charges for the right to pay e.g. with a card) whether the payment instrument is used in shops or online.

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II. General Information

Title

Directive of the European Parliament and of the Council on payment services in the internal market and amending Directives 2002/65/EC,   2013/36/EU and 2009/110/EC and repealing Directive 2007/64/EC

Abbreviations
Directive on Payment Services II, PSD II
Status
Existing
Directive
2015/2366/EU
Source
O.J. EU No L (Legislation), Edition 337, Year 2015, p.35
Adoption
11/25/2015
Promulgation
12/23/2015
Character
Regular Act
Legal Basis
Art. 114 AEUV
Legislative Procedure
Codecision procedure

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

Original Text Directive on Payment Services II, PSD II:
Directive of the European Parliament and of the Council on payment services in the internal market and amending Directives 2002/65/EC,   2013/36/EU and 2009/110/EC and repealing Directive 2007/64/EC

  2015/2366/EU

Beschluss:
11/25/2015 (A)
Verkuendung:
12/23/2015 (P)
(A) Adoption | (P) Promulgation

2. Legislative History

Datum
Typ / Titel
Textfassungen
02/05/2014
Opinion of the European Central Bank
O.J. 2014/C 224/01
12/11/2013
Opinion of the European Economic and Social Committee
ABL 2014/C 170/78
12/05/2013
Opinion of the European Data Protection Supervisor
ABL 2014/C 38/15
07/24/2013
Proposal
COM(2013) 547 final

3. Comments

Datum
Stellungnahme
Textfassungen
12/02/2013
Die Deutsche Kreditwirtschaft (DK)
Comment on: Kommissionsvorschlag
11/01/2013
Verbraucherzentrale Bundesverband e.V. (vzbv)
Comment on: Kommissionsvorschlag
03/24/2013
Centrum für Europäische Politik (cep)
Comment on: Kommissionsvorschlag

4. Legal Impact

Auswirkungstyp
Richtlinie
Textfassungen
Amendment
  Directive 2013/36/EU
Amendment
  Directive 2009/110/EC
Repeal
  Directive 2007/64/EC
Amendment
  Directive 2002/65/EC

IV. Umsetzung in den Mitgliedstaaten

1. Implementation in Germany

07/17/2017 (A)

07/21/2017 (P)

(A) Adoption | (P) Promulgation

Legend

Legislative Act Status

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Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Versions
2. Legislative History
3. Comments
4. Legal Impact
IV. Umsetzung in den Mitgliedstaaten
1. Implementation in Germany