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  • Consent to Initiate Payment Transactions

    • OB-2.3.1

      A payment transaction is to be regarded as having been authorised by the payer for the purposes of this Module only if the payer has given its consent to:

      (a) the execution of the payment transaction; or
      (b) the execution of a series of payment transactions of which that payment transaction forms part.
      Added: December 2018

    • OB-2.3.2

      For the purpose of Paragraph OB-2.3.1, such consent must be given in the form, and in accordance with the procedure, agreed between the licensee maintaining the customer account, the payer and the PISP and may be given via the payee or a PISP.

      Added: December 2018

    • OB-2.3.3

      PISP must ensure that the payer can withdraw its consent to a payment transaction at any time before the point at which the payment order can no longer be revoked under the terms of the framework contract with the customer.

      Added: December 2018

    • OB-2.3.4

      The customer may withdraw its consent to the execution of a series of payment transactions at any time with the effect that any future payment transactions are not regarded as authorised for the purposes of this section.

      Added: December 2018