28In addition, the interpretation of Article 74(2) of Directive 2007/64, as set out in paragraph 25 above, is also borne out by the objectives of the directive. It must be noted that, according to recital 40 of Directive 2007/64, the directive seeks to guarantee the fully integrated straight-through processing of transactions and, according to recital 43 of the directive, it seeks to improve the efficiency and speed of payments. Those objectives of straight-through processing and speed of payments are better served by an interpretation of that provision that limits the liability of both the payer’s and the payee’s payment service provider, which thus relieves those providers of the obligation to check whether the unique identifier provided by the payment service user does in fact correspond to the person named as the payee.
Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.