MEPs supported plans that would allow payment service users to opt out of framework contracts with suppliers without paying a termination fee and stated that payers should not be held liable for third-party fees paid to them by PSPs « unless their total amount was announced before the payment transaction began. » Before any transaction under a framework contract, PSPs should provide customers with « explicit information on the maximum turnaround time and fees payable by the payer and, if applicable, a breakdown of royalty amounts, » as proposed. Commissions should also be made available to payers after the funds have been deducted from their accounts and beneficiaries should similarly define the fees and interest that are exposed, if any, to beneficiaries after each payment transaction under a framework contract. In its psD2 version, the Commission stated that PSP should be able to charge a terminus fee to payment service users who enter into framework contracts in the first year. In general, it supported the Commission`s plans to increase the transparency of payment service rates. If you give us a payment order for your account, we need you to provide us with the payment recipient`s contact information (i.e. their account number and sorting code, as well as all relevant identification data for the payment service provider (« PSP ») with which he or she holds his account. Depending on how you place your order with us (i.e. online, in our offices, by phone, etc.), we may also request that you verify this order by signature, by the use of a password or by using a PIN, depending on the type of account you have. All this information is called a « single identifier » that you must give us. By giving us this unique identifier, you will accept our execution of this order for you. You cannot revoke that consent after you have given it to us.
However, if the order is for the debit from your account, you can cancel this order and your consent by notifying the recipient of this debit system until the close of operations on the business day before the balance is debited from your account. If you want the order for a permanent order to be taken from your account, you can cancel this order and your consent by calling us in writing, calling us by email or remotely taking us to our offices before the money is debited from your account until the office closes on the business day. In exceptional cases, we may allow you to withdraw your consent after the periods mentioned above, but our specific agreement will be necessary and we are not obliged to do so. If framework contracts exist for payment services, EU countries should ensure that users of payment services are also informed of the fees or interest collected. Plans for the transparency of royalties levied on payments by those who facilitate these transactions were also presented by the European Commission in its draft PSD2. Separate provisions have been developed to cover payments made under framework contracts that provide for a number of payment transactions and those that are not. If we provide you with a payment instrument on your account (i.e. the use of the online bank with password, etc.), you can separately accept spending limits for the use of a specific payment instrument. If we provide you with such a payment instrument on your behalf, as soon as you receive it, you will need to take all appropriate measures to ensure the security of personalized security data, including: As security measures are becoming more sophisticated and motivation is constantly geared towards a fluid experience for consumers. , there will be a conflict between the direction in which industry and regulators wish to move – it is not clear whether they and to what extent consumers will benefit from security procedures