1. Where a specific payment instrument is used
for the purposes of giving consent, the payer and the payer’s payment
service provider may agree on spending limits for payment transactions
executed through that payment instrument.
2. If agreed in the framework contract, the
payment service provider may reserve the right to block the payment
instrument for objectively justified reasons relating to the security of
the payment instrument, the suspicion of unauthorised or fraudulent use
of the payment instrument or, in the case of a payment instrument with a
credit line, a significantly increased risk that the payer may be
unable to fulfil its liability to pay.
3. In such cases the payment service provider
shall inform the payer of the blocking of the payment instrument and the
reasons for it in an agreed manner, where possible, before the payment
instrument is blocked and at the latest immediately thereafter, unless
providing such information would compromise objectively justified
security reasons or is prohibited by other relevant Union or national
law.
4. The payment service provider shall unblock the
payment instrument or replace it with a new payment instrument once the
reasons for blocking no longer exist.
5. An account servicing payment service provider
may deny an account information service provider or a payment initiation
service provider access to a payment account for objectively justified
and duly evidenced reasons relating to unauthorised or fraudulent access
to the payment account by that account information service provider or
that payment initiation service provider, including the unauthorised or
fraudulent initiation of a payment transaction. In such cases the
account servicing payment service provider shall inform the payer that
access to the payment account is denied and the reasons therefor in the
form agreed. That information shall, where possible, be given to the
payer before access is denied and at the latest immediately thereafter,
unless providing such information would compromise objectively justified
security reasons or is prohibited by other relevant Union or national
law.
The account servicing payment service provider
shall allow access to the payment account once the reasons for denying
access no longer exist.
6. In the cases referred to in paragraph 5, the
account servicing payment service provider shall immediately report the
incident relating to the account information service provider or the
payment initiation service provider to the competent authority. The
information shall include the relevant details of the case and the
reasons for taking action. The competent authority shall assess the case
and shall, if necessary, take appropriate measures.
