payment transaction

Definitions over time (1)

31/01/2014 – today applies on 12/11/2026 Article 2, Regulation (EU) No 260/2012 Scope: Whole act

For the purposes of this Regulation, the following definitions apply:

‘payment transaction’ means an act, initiated by the payer or by the payee of transferring funds between payment accounts in the Union, irrespective of any underlying obligations between the payer and the payee;

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