Definitions › Consumer protection (English)
payment transaction
Defined in 2 EU acts of the Consumer protection group: Payment Accounts Directive First Geo-blocking Regulation Reference
Payment Accounts Directive, Article 2(5) First adopted 2014-07-23
an act, initiated by the payer or by the payee, of placing, transferring or withdrawing funds, irrespective of any underlying obligations between the payer and the payeeGeo-blocking Regulation, Article 2(5) Reference adopted 2018-02-28
Refers to PSD2, Article 4(5) (not in this group).
payment transaction as defined in point (5) of Article 4 of Directive (EU) 2015/2366