Article 54 Acceptance of payment orders 1 .

Member States shall require the payer 's payment service provider to ensure that , after the point in time of acceptance , the amount ordered is credited to the payee 's payment account at the latest at the end of the first working day following the point in time of acceptance .

contractual conditions agreed between the payment service A payment transaction may be authorised by the payer provider and the payer , but no later than the point in time prior or subsequent to the execution of the payment trans of acceptance of a payment order or the point in time when a payment order becomes irrevocable under Articles action .

Article 14 Acceptance and rejection of payment orders 1 .

2007O0009 EN 01.07.2010 002.001 280 B Section 3 Payment card functions and accepting devices TABLE 4 Payment card functions and accepting devices ( )

The point in time of acceptance shall not be later than the point in time when the payment service provider starts to execute the payment transaction .

For a payment transaction initiated by or through the payee , Member States shall require the payment service provider to ensure that , after the point of time of acceptance , the amount ordered is credited to the payee 's payment account at the latest at the end of the first working day following the day on which the point in time of acceptance falls , unless otherwise explicitly agreed between the payee and his payment service provider .

Without prejudice to Article 46 , Member States shall ensure that the payment service user may not revoke a payment order after the time of its acceptance by the payer 's payment service provider for payments initiated by the payer or by the payee 's payment service provider for payments initiated by or through the payee .

Official Journal of the European Union Section 3 Payment card functions and accepting devices

In the case of electronically initiated transactions , the payment service provider shall inform the payment service user of acceptance of the order for execution .

In the case of electronically initiated payment transactions , the payment service provider shall inform the payment service user of acceptance of the order for execution .

After the point in time of acceptance in accordance with Article 54 ( 1 ) , a payment service provider shall be strictly liable for the non execution or defective execution of a payment transaction made in accordance with Section 1 .

2007O0002 EN 22.11.2010 003.001 30 B Article 14 Acceptance and rejection of payment orders 1 .

A payment transaction may be authorised by the payer prior or subsequent to the execution of the payment transaction .

Article 36 Information to be provided to the payer subsequent to the execution of an individual payment transaction 1 .

In particular , payment institutions should be prohibited from accepting deposits from users and permitted to use only funds accepted from users for rendering payment services .

a definition of the point in time of acceptance of a payment order as defined in Article 54 ( 1 )

He shall do so without undue delay following receipt of the payment order and , in any case , before the end of the next working day after the point in time of acceptance under paragraph 1 .

Following his proposal's acceptance by the congress, a date for the first modern Olympic Games needed to be chosen.

first paired R.E.M.

Following his conversion, Umar went to inform the chief of Quraish, Amr ibn Hishām, about his acceptance of Islam.

( b ) ( c ) a clear reference to the point in time of acceptance of a payment order as defined in Article 54 ( 1 )

End to end straight through processing Value added services offered before payment Value added services offered after payment

The album's sexual overtones led to its enthusiastic acceptance by gays in American gay clubs shortly after its release.

The e reconciliation ser vice , for instance , is offered to customers after payment .

Subsequent to the execution of a payment transaction , the payment service provider shall provide the payer with at least the following information ( a ) ( b ) ( c ) a reference enabling the payment service user to identify each payment transaction and , where appropriate , the information relating to the payee

Yes , but on a free delivery basis before 3.45 p.m. and with pre deposited securities after 3.45 p.m. Yes , but on a free delivery basis and only with pre deposited securities after 5.45 p.m. Yes , but on a free delivery basis before 4 p.m. and with pre deposited securities after 4 p.m.

However , the Eurosystem may , for operational reasons , occasionally apply other settlement dates for these operations , in particular for outright transactions ( for fine tuning as well as structural purposes ) and foreign exchange swaps ( see Table 3 ) . 5.3.3 END OF DAY PROCEDURES The end of day procedures are specified in documentation related to the national RTGS systems and the TARGET system .

Member States shall ensure that , in the case of a payment order initiated by a payer , or by or through a payee , and covered by the authorisation of a payer , the point in time of acceptance occurs when the following three conditions are met ( i ) ( ii ) the payment service provider has received the payment order

TABLE 4 Payment card functions and accepting devices ( ) Items Number of cards issued in the country ( ) 1 Terminals located in the country ( 1 )

26 Th 27 Fr Main allotm .

the development and persistence of card fraud damages the image of the European banking industry and may slow down public acceptance of electronic payment means

In particular , there is no obstacle for merchants to accept any payment cards compliant with the SEPA Cards Framework ( SCF ) .

3.2.2 Second , under the Agreement8 , inquiries are to be entertained within a period of six months from the day after that on which the postal payment order was accepted .

Acceptance condition Acceptance of finite words Same as described in the informal definition above.

( e ) Compensation payments shall be made by the malfunctioning NCB upon receipt of the TARGET participant 's letter of acceptance .

No further payment orders are accepted for processing in TARGET2 after the closing time , although remaining payment orders accepted before the closing time are still processed .

cash refunds provided by the payee to the payer after a payment transaction following an explicit request by the payment service user made just before the execution of a payment transaction through a payment card and completely independent of the cost of the good or services purchased

No further payment orders are accepted for processing in the national RTGS systems after the closing time , although remaining payment orders accepted before the closing time are still processed .

There's a fourth embrace, and it's the hardest.

The Eurosystem decides on the acceptance of the proposed RT .

As a general rule , the closing time for the TARGET system is 6 p.m. ECB time ( C.E.T. ) . No further payment orders are accepted for processing in the national RTGS systems after the closing time , although remaining payment orders accepted before the closing time are still processed .

Member States shall ensure that the payer shall 1 . Member States shall ensure that the payer shall request the refund , at the latest within four weeks of being request the refund , at the latest within six weeks from the informed of the payment transaction in question by the payment date on which the funds are debited .

Member States shall ensure that the payer shall request the refund , at the latest within four weeks of being informed of the payment transaction in question by the payment service provider .

13.11 Article 54 ( 2 ) of the proposed directive should be amended to ensure that the time lag between the receipt and acceptance of a payment is not unnecessarily prolonged .