# PSR Article 57 — Payment service provider’s liability for incorrect application of the matching verification service

Textual state: amended_substantial. 299 words changed; 5 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- Compared against: COM(2023) 367 final — superseded.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

{+Where payment service providers fail to comply with Article 50, and where that failure results in a defectively executed payment transaction, the payer’s payment service provider shall without delay refund the payer the amount transferred and, where applicable, restore the debited payment account to the state in which it would have been had the transaction not taken place. Where that failure occurs because the payee’s payment service provider, or the payment initiation service provider, failed to comply with Article 50, the payee’s payment service provider or, where relevant, the payment initiation service provider, shall compensate the payer’s payment service provider for the financial damage caused to the payer’s payment service provider by that failure. Any further financial loss caused to the payer may be compensated in accordance with the law applicable to the contract concluded between the payer and the relevant payment service provider.+}

## Paragraph 1 (removed)

[-1. The payer shall not bear any financial losses for any authorised credit transfer where the payment service provider of the payer failed, in breach of Article 50(1), to notify the payer of a detected discrepancy between the unique identifier and the name of the payee provided by the payer.-]

## Paragraph 2 (removed)

[-2. Within 10 business days after noting or being notified of a credit transfer transaction executed in the circumstances referred to in paragraph 1, the payment service provider shall do either of the following: (a) refund the payer the full amount of the authorised credit transfer; (b) provide a justification for refusing the refund and indicate the bodies to which the payer may refer the matter in accordance with Articles 90, 91, 93, 94 and 95 if the payer does not accept the reasons provided.-]

## Paragraph 3 (removed)

[-3. Where the payment service provider of the payee is responsible for the breach of Article 50(1) committed by the payment service provider of the payer, the payment service provider of the payee shall refund the financial damage incurred by the payment service provider of the payer.-]

## Paragraph 4 (removed)

[-4. The burden shall be on the payment service provider of the payer or, in the case referred to in paragraph 3, of the payee to prove that there was no breach of Article 50(1).-]

## Paragraph 5 (removed)

[-5. Paragraphs 1 to 4 shall not apply if the payer has acted fraudulently or if the payer opted out from receiving the verification service in accordance with Article 50(4).-]

## Paragraph 6 (removed)

[-6. This Article shall not apply to instant credit transfers denominated in euro falling within the scope of by Regulation XXX (IPR).-]