🎧 The EU aims to make payments more secure – but what does this mean for liability? Tune in now to episode 108 of Alles Legal – Fintech-Recht kompakt. Tune in now!
In this episode, Peter Frey and host Dana Wondra discuss the new liability rules under PSD3 and PSR. The focus: authorised vs unauthorised payments and new EU-wide measures for tackling fraud.
When authorised payments become a liability
The third instalment in our PSD3 series explores how the EU is tackling social engineering – and what this means for payment service providers. For the first time, liability might apply even when a payment was formally authorised, due to identity theft or psychological deception.
New duties and stricter requirements
Peter Frey explains how training, customer communication and preventive measures like the IBAN/name check are becoming central. The burden of proof is shifting, and the tension between security and user-friendliness is intensifying.
About this podcast
Alles Legal – Fintech Recht Kompakt delivers sharp, weekly insights into legal and compliance matters in the world of banking. (in German only)
This podcast is a collaboration between Payment & Banking and PayTechLaw.
Each Wednesday, we unpack the legal developments shaping the financial world – clearly, concisely, and without the legal jargon.
Since 2021, PayTechLaw authors and Annerton attorneys have brought depth and clarity to complex topics.
Whether it’s PSD3, DORA, or FiDA – we provide the legal context you need.
In 20 minutes. No detours.
