# PSR Article 50 — Discrepancies between the name and unique identifier of a payee in case of credit transfers

Textual state: amended_substantial. 484 words changed; 7 paragraphs removed

- Current text: Council final compromise text (Council document 8221/26) — not yet law.
- Compared against: COM(2023) 367 final — superseded.
- Classification is mechanical; method: https://paymentslaw.eu/method/
- Editorial review state: not_assessed. Markers are curated and selective, not a complete assessment.

Word-level diff, proposal → compromise: `{+text+}` was inserted, `[-text-]` was deleted.

## New paragraph 0

{+In the case of credit transfers, payment service providers shall comply with provisions of Articles 5c(1) to (7) and 5b(2) of Regulation (EU) 260/2012, and those articles shall apply mutatis mutandis to all credit transfers, including those that fall outside the scope of Regulation (EU) 260/2012. For the purpose of the first subparagraph, where the payment account of the payee is not identified by the payment account identifier specified in point (1)(a) of the Annex of Regulation (EU) 260/2012, references in Article 5c of that Regulation to the payment account identifier shall be construed as referring to the unique identifier used to unambiguously identify the payment account of the payee.+}

## Paragraph 1 (removed)

[-1. In case of credit transfers, the payment service provider of the payee shall, free of charge, at the request of the payment service provider of the payer, verify whether or not the unique identifier and the name of the payee as provided by the payer match, and shall communicate the outcome of this verification to the payment service provider of the payer. Where the unique identifier and the name of the payee do not match, the payment service provider of the payer shall notify the payer of any such discrepancy detected and shall inform the payer of the degree of that discrepancy.-]

## Paragraph 2 (removed)

[-2. The payment service providers shall provide the service referred to in paragraph 1 immediately after the payer provided to its payment service provider the unique identifier and the name of the payee, and before the payer is offered the possibility to authorise the credit transfer.-]

## Paragraph 3 (removed)

[-3. Payment service providers shall ensure that the detection and notification of a discrepancy as referred to in paragraph 1 does not prevent payers from authorising the credit transfer concerned. If the payer, after being notified about a detected discrepancy, authorises the credit transfer and the transaction is executed in accordance with the unique identifier given by the payer, that transaction shall be deemed to have been executed correctly.-]

## Paragraph 4 (removed)

[-4. Payment service providers shall ensure that payment service users have the right to opt out from being offered the service referred to in paragraph 1 and shall inform their payment service users of the means to express such opt-out right. Payment service providers shall ensure that payment service users that initially opted out from receiving the service referred to in paragraph 1, have the right to opt in to receive that service.-]

## Paragraph 5 (removed)

[-5. Payment service providers shall inform their payment service users that authorising a transaction despite a detected and notified discrepancy or that opting out from receiving the service referred to in paragraph 1 may lead to transferring the funds to a payment account not held by the payee indicated by the payer. Payment service providers shall provide that information at the same time as the notification of discrepancies or when the payment service user opts out from receiving the service referred to in paragraph 1.-]

## Paragraph 6 (removed)

[-6. The service referred to in paragraph 1 shall be provided with respect to payment orders placed through electronic payment initiation channels and through non-electronic payment orders involving a real-time interaction between the payer and the payment service provider of the payer.-]

## Paragraph 7 (removed)

[-7. The matching service referred to in paragraph 1 shall not be required where the payer did not input himself the unique identifier and the name of the payee.-]

## Paragraph 8 (removed)

[-8. This Article shall not apply to instant credit transfers denominated in euro falling within the scope of Regulation XXX (IPR).-]