TITLE II Payment service providers Chapter 1 Payment institutions SECTION 1 GENERAL RULES

Payment service providers are explicitly obliged to find always a corresponding payment .

thereof .

Banks , payment service providers , consumers , vendors

Banks , payment service providers , card schemes , processors

Internet service providers allocated space to Usenet libraries, and Internet service providers questioned why they needed to host space for pornography and pirated software.

Banks , payment service providers , mobile operators , consumers Not mandatory for banks , payment service providers and mobile operators to offer this service .

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E mandate implementation guidelines to be defined . Card schemes Consumers , merchants , banks , payment service providers The Terms of Reference are currently being drawn up by the Eurosystem .

They are offered under harmonised terms and conditions in line with general market standards by individual Eurosystem central banks ( the Eurosystem service providers ) acting as dedicated service providers .

It is expected that the majority of payment service providers could fulfil this requirement by 1 January 2010 .

However , payment service providers may decide to grant more favourable terms to payment service users .

The Eurosystem expects SEPA providers ( banks and payment institutions ) to

It is important to facilitate the execution of cross border payments by payment service providers .

phase out , by 1 January 2012 , the balance of payments statistical reporting obligations imposed on payment service providers

Not mandatory for banks and payment service providers to offer this service .

Eligible customers can access the complete set of services covered by the new framework through any one of these service providers .

Article 1 ( 1 ) of the PSD sets out categories of payment service providers , including the ECB and NCBs when not acting in their capacity as monetary authorities .

Banks , payment service providers , corporates , SMEs , consumers , ACHs , public administrations E mandate will encourage the use of SDD .

equal access for service providers and users throughout Europe

Based on the framework , service providers should be able to offer e invoicing services to their customer across SEPA .

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Its application should be confined to providers whose main activity consists in the provision of payment services to payment service users .

Rights and obligations of users and providers of payment services ( Title IV ) Clarity and certainty on core rights and obligations of users and providers of payment services are essential for the development of modern efficient electronic payment systems , for the trust of users and efficiency of modern business in a modern payment market .

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In terms of competition the level playing field for payment service providers would be achieved .

Objective 3 Rights and obligations of users and providers Alternative 1 .

Amendment 4 Article 1 , exemption of central banks to be added to Article 2 ( 1 ) , second subparagraph Central banks acting as monetary authorities and public This Directive shall not apply to payment services provided authorities which provide payment services are not consid by central banks .

Central banks acting as monetary authorities and public authorities which provide payment services are not considered to be payment service providers .

If properly implemented , the directive will yield clear benefits for both service providers and users .

( c ) trust or company service providers not already covered under points ( a ) or ( b )

It is appropriate to limit the application of this Directive to payment service providers that issue electronic money .

Amendment 9 Definitions article

Banks and payment service providers not offering direct debit services are invited to adhere as debtors as a minimum .

Payment service providers which will be active in the direct debit domain are expected to offer SDD .

2.5 Access conditions Are you aware of access conditions to specific service providers which could be considered discriminatory ?

The last indent of Article 1 of the proposed directive provides that central banks acting as monetary authorities and public authorities which provide payment services are not considered to be payment service providers .

Furthermore , both Eurosystem service providers and the other central banks of the Eurosystem may offer additional reserve management services in euro on an individual basis .

a rule which discriminates between authorised payment service providers in relation to the rights , obligations and entitlements of participants

As currently drafted , it is not clear if all categories of payment service providers may provide payment accounts .

Furthermore , both Eurosystem service providers and the other central banks of the Eurosystem may offer additional reserve management services in euro on an individual basis .

It makes specific reference to trust and company service providers and also includes life insurance intermediaries .

Payment service providers shall ensure that transfers of funds are accompanied by the complete information on the payer .

( b ) a rule which discriminates between authorised payment service providers in relation to the rights , obligations and entitlements of participants

( 14 ) Until technical limitations that may prevent intermediary payment service providers from satisfying the obligation of transmitting all the received information on the payer , are removed , those intermediary payment service providers should keep records of that information .