PSD II / SEPA
PSD II applies, among others, to payment transactions made exclusively in cash directly from the payer to the payee, without any intermediary intervention.
False, PSD II does not apply in this case.
According to PSR, PSPs shall alert their customers when new forms of payment fraud emerge, taking into account the needs of their most vulnerable groups of customers.
Correct
Instant payments were already possible, but are only now becoming mandatory.
Correct, they have been available for some time.
Digital euro cannot be programmed to specify its use.
Correct, digital euro will not be programmable
PSD II applies only to one-leg payment transactions, namely those where only one of the PSPs (either payer’s or payee’s) is located within the EU/EEA, while the other is outside.
False, PSD II applies to both one-leg and two-leg payment transactions.
Consumers and microenterprises cannot contractually waive the rights granted to them under PSR.
False. Consumers cannot contractually waive the rights granted to them under PSD III, while MS may decide whether to extend the same level of protection to microenterprises as that afforded to consumers.
What is an entity that receives financial data at the request of its customers?
A data user
Retail banks will issue digital euro to your wallet.
False, only the ECB can issue digital euro
Information requirements for framework contracts are stricter than those that apply to single payment transactions.
Correct
PSD III does not regulate electronic money services.
False. It contains rules concerning access to the activity of providing payment services and electronic money services.
Data regarding pension schemes is excluded from FIDA.
False, pension schemes are included.
A crypto-token that provides holders a share of profits of the issues is regulated as a crypto-asset under MiCAR.
False, this would likely constitute a security token.
For the purposes of the SEPA Regulation, reachability means that PSPs are not required to process transactions using divergent IT standards or to face obstacles arising from incompatible payment infrastructures.
False, this definition refers to interoperability.
According to PSR, a PSP shall not be liable where a consumer has been manipulated into authorising a payment transaction by a third party pretending to be an employee of the consumer’s PSP using the name or e-mail address or telephone number of that PSP unlawfully and that manipulation gave rise to subsequent fraudulent authorised payment transactions.
False. A PSP shall be liable in this case, unless the consumer has acted fraudulently or with gross negligence.
Instant payments do not have to be processed on public holidays.
False, the regulation requires availability every day, no exceptions for holidays
Issuing an asset-referenced token only requires notification of a white paper to the competent authority.
False, this requires an authorization.