Important Information – New EU Payment Service Directive

The Payment Service Directive (PSD), formally known as the New Legal Framework for Payments was adopted by the European Parliament and the European Council in April 2007. All 30 countries of the European Economic Area (EEA), making up the Single Market in the EU, are required to implement the requirements of the PSD into their national legislation by 31 October 2009.

The aim of the EU’s new Payment Service Directive is to simplify and accelerate future payment transactions within the European Union. The creation of a Single Euro Payments Area will provide a Europe-wide aligned processing and settlement procedure for bank transfers, direct debits and card payments, resulting in faster and more cost-effective transactions. By way of ensuring this, the relevant national regulations and laws will be superseded by new EU legislation.

Read more about this topic in the section Payment Service Directive.

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Danske Bank in Germany
Danske Bank is the largest bank in Denmark and a leading player in the Scandinavian financial markets.

The Danske Bank Group encompasses Danske Bank, Danica Pension, Realkredit Danmark and a number of subsidiaries.

Danske Bank has had operations in Germany since 1985. Our branch in Hamburg is responsible for the bank’s activities in the country.

We serve only commercial customers in Germany, offering a broad range of banking products and services that include financing for working capital and investments, risk management, trade finance and cash management.

We are linked to all the German clearing systems and process all types of domestic and foreign payment transaction.

Our largest customer groups, broken down by their particular needs for banking services, are:

  • Companies based in Scandinavia that trade with Germany
  • German subsidiaries of Scandinavian companies
  • German companies with activities in Scandinavia
  • German exporters in need of Trade Finance products
We are members of the Bundesverband deutscher Banken and the Einlagensicherungsfond.

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