Tecnoservice Int. Srl v Pose Italiane SpA

Financial services – European Union. Article 74(2) of Directive (EC) 2007/64, amending some EU Directives and repealing Directive (EC) 97/5, should be interpreted as meaning that, when a payment order was executed in accordance with the unique identifier provided by the payment service user, which did not correspond to the payee name indicated by that user, the limitation of payment service provider liability, provided for by that article, applied to both the payer's and the payee's payment service provider. The Court of Justice of the European Union so held in proceedings concerning the payment of a sum of money to the incorrect payee on account of an incorrect unique identifier provided by the payer.

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