The main document, thoroughly examines the provisional agreement for the European Union’s Payment Services Regulation (PSR) and Third Payment Services Directive (PSD3). This regulatory shift introduces a "fraud liability revolution" by dramatically increasing the financial responsibility of Payment Service Providers (PSPs) for fraud losses, especially those resulting from impersonation scams.

Crucially, the agreement extends financial accountability beyond the financial sector by establishing a new liability chain for online platforms and electronic communications providers who fail to cooperate in fraud prevention. PSPs are consequently compelled to overhaul operations, including implementing mandatory Name-IBAN verification systems, offering human customer support, and strengthening open banking standards ahead of the formal adoption and implementation timeline.