The Payer’s Payment Service Provider shall be liable to the Payer for the correct execution of a Payment Transaction unless it can prove in a timely manner to the Payer and to the Payee’s Payment Service Provider that the Payment Transaction has been correctly executed to the Payee’s Payment Service Provider.
(2)
Where the Payer’s Payment Service Provider is liable under the Paragraph above, it must promptly refund the amount of the non-executed or defective Payment Transaction to the Payer and restore the debited Payment Account to the position it would have been had the defective Payment Transaction not occurred.
(3)
Where a Payment Transaction is executed late, on request from the Payer’s Payment Service Provider, the Payee’s Payment Service Provider should adjust the credit date of the Payment Transaction to the date as if the Payment Transaction had been executed properly.
