Economics at your fingertips  

Les services de paiement sur le marche de l'Union Europeenne et de l'Espace Economique Europeen, pendant la crise economique actuelle

Alexandru Bulearca ()
Additional contact information
Alexandru Bulearca: University "Athenaeum", Lawyer in Bucharest Bar

Juridical Tribune (Tribuna Juridica), 2011, vol. 1, issue 2, 73-96

Abstract: From 1 November 2009 came into force Emergency Ordinance No. 113/2009, which introduced into Romanian legislation the Directive on Payment Services (PSD "Payment Services Directive") applicable in the European Union (EU) and European Economic Space (EES). These regulations are intended transparency of banking information for payment services to create a single legal framework at the European Union and European Economic Space in the field of payment services and the protection of consumers of these services. The regulations of the Directive on payment services are applied to all payment transactions in the currency of each Member State of the European Union and European Economic Space, provided that the two banks - the payer's bank and the beneficiary's bank – are located in a Member State. Payment services coming under the impact of new legislation are: payment by bill of exchange, electronic payments, payments by credit card, payments made by direct debit, cash transactions, provided the payment and transfer of funds (the giving of money) under conditions of transparency and information to users and to comply with a set of laws and obligations on the part of all those involved in this operation.

Keywords: payment services; banks; financial institutions; electronic payment; payment order (search for similar items in EconPapers)
JEL-codes: K23 K33 (search for similar items in EconPapers)
Date: 2011
References: View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Juridical Tribune (Tribuna Juridica) from Bucharest Academy of Economic Studies, Law Department Contact information at EDIRC.
Series data maintained by Catalin-Silviu Sararu ().

Page updated 2017-09-29
Handle: RePEc:asr:journl:v:1:y:2011:i:2:p:73-96