EC may broaden direct debit refund rights in payment services review
By John Rega ( December 21, 2011, 16:59 GMT | Insight) -- The European Commission may broaden consumers' right to refunds of direct debits in reviewing the Payment Services Directive next year, to bolster confidence in new transaction methods. The executive will also examine the banking industry's role in running the Single Euro Payments Area.Brussels – The European Commission may broaden consumers' right to refunds of direct debits in reviewing the Payment Services Directive (PSD) next year, seeking to bolster confidence in new transaction methods....
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