betalningsdirektivet

Betalningsdirektivet is a European Union directive aimed at establishing a common framework for electronic payments within the EU. The directive was adopted by the European Parliament and the Council of the European Union in 2009 and entered into force on February 25, 2014.

The goal of the directive was to simplify and harmonize payment services across EU member states, enabling customers to make and receive payments across borders as easily as within their home country. Key objectives include ensuring that payments are carried out in a secure and reliable manner, while also promoting competition and innovation in the payments industry.

The directive establishes rules for consumer payments, including cross-border payments, emergency payments, and pre-authorised direct debits. It also sets out requirements for payment services providers, such as banks and other financial institutions, including data security, dispute resolution, and liability for non-compliance.

Implementation of the directive was mandatory for EU member states by February 25, 2014. The directive is overseen by the European Banking Authority, which is responsible for ensuring that member states comply with its provisions.

By promoting a single market for electronic payments, the Betalningsdirektivet aims to facilitate economic growth and consumer choice within the EU. The directive has had significant impacts on the European payments industry, influencing the development of new payment services and fostering increased competition among service providers.