New phenomena in the regulations at the market of payment services (selected issues in the context of the alteration of the PSD Directive)

The aim of the following article is to present the issues of the planned legal regulation of a new, specific category of the participant of payment services market - third-party payment service provider. This is a “third” entity in relation to the user of basic payment service (namely, payer and receiver) as well as to the provider of the payment services - an account-holding institution. Introduction of this term into European Union legislation is one of the most significant changes in the project of a new Payment Services Directive (PSD II). Particularly important in this context is the need for exact definition of legal status of the third-party payment service providers as well as precise determination of the boundaries of their responsibility. Emerging of such entities improves the process of payment and intensifies the competition between banks. Yet, it also cause some problems related to the privacy protection or forgery prevention. The consequences of the before mentioned regulation for providers and users of payment services have been discussed in the present article