Where an electronic money issuer uses a person to distribute electronic money on its behalf within the meaning of Article L. 525-8, it shall remain liable for the reimbursement provided for in this Section.
I. – Where the payment is initiated by means of a card-linked payment instrument, the payment service provider managing the account shall, at the request of one of the payment service providers issuing that instrument, immediately confirm whether the amount required to execute the card-linked payment transaction is available on the payer’s payment account, provided that all of the following conditions are met: 1° The payer’s payment account is accessible…
I. – Provided that the payment account is accessible online, the payer may contact a payment service provider of his choice to obtain the payment initiation service referred to in 7° of II of Article L. 314-1. Where the payer gives his explicit consent to the execution of a payment in accordance with Article L. 133-6, the payment service provider managing the account shall carry out the actions provided for…
I. – Provided that their payment account is accessible online, payment service users may access their payment account data via a payment service provider of their choice providing the account information service referred to in 8° of II of Article L. 314-1. II. – When providing the account information service, the payment service provider : 1° obtains the express consent of the payment service user ; 2° Ensure that the…
Where a payment transaction is initiated via the payee as part of a card-related payment transaction and the exact amount is not known at the time the payer gives his consent to the execution of the payment transaction, the payer’s payment service provider may block funds on the payer’s payment account only if the payer has given his consent as to the exact amount of funds to be blocked.
The payer’s payment service provider shall release the funds blocked on the payer’s payment account referred to in Article L. 133-42 without undue delay after receiving information on the exact amount of the payment transaction and at the latest immediately after receiving the payment order.
I. – The payment service provider shall apply the strong customer authentication defined in f of Article L. 133-4 when the payer : 1° Accesses his online payment account ; 2° Initiates an electronic payment transaction; 3° Carries out a transaction using a remote means of communication likely to involve a risk of payment fraud or any other fraudulent use. II. – For remote electronic payment transactions, the strong customer…
Payment service providers shall establish and implement procedures for dealing with payment service users’ complaints concerning compliance with the provisions of Section 5 of Chapter II of Title I of Book I, Chapter III of Title III of Book I, Chapter IV of Title I of Book III and Chapter I of Title II of Book V. These procedures shall be available in one of the official languages of the…
The Banque de France is an integral part of the European System of Central Banks, established by Article 8 of the Treaty establishing the European Community, and participates in the performance of the tasks and observance of the objectives assigned to it by the Treaty. Within this framework, and without prejudice to the primary objective of price stability, the Banque de France supports the Government’s general economic policy. In the…
Under the conditions laid down in the Statute of the European System of Central Banks, and in particular Article 30 of the Protocol on the Statute of the European System of Central Banks and of the European Central Bank on the transfer of foreign reserve assets to the European Central Bank, and Article 31 of the said Protocol relating to the management of foreign reserve assets held by the national…
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Resources
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
