‘Interpretations of PSD2 in C-287/19 DenizBank AG

“On November 11th the CJEU delivered a judgment in C-287/19 DenizBank AG v Verein für Konsumenteninformation on the interpretation of Directive 2015/2366 on Payment Services (PSD2). The facts: VKI an Austrian consumer protection organization brought proceeding for a prohibitory injunction in front of Handelsgericht Wien asking the court to prohibit DenizBank from using several clauses in their standard terms with consumers on grounds that they are null and void. The validity of these clauses were questions in relation to the card’s NFC (Near Field Communication) functionality that enables customers to use contactless payment for low value transactions …” (more)

[Andrea Fejős, Recent developments in European Consumer Law, 16 November]

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