Section 7: Liability in the event of an incorrectly executed payment transaction

Where the liability of a payment service provider under Article L. 133-22 is attributable to another payment service provider or an intermediary, the said payment service provider or intermediary shall compensate the first payment service provider for any losses suffered or sums paid pursuant to the same Article. This compensation shall apply in the event that one of the payment service providers does not use strong customer authentication. Additional financial…