§ 4-17. Limits for the payment initiation service provider (betalingsfullmektig)

The section sets limits for the payment initiation service provider, meaning the service that initiates payments on behalf of the customer. The provider must never hold or control the customer's money, and cannot change the payee, the amount or other features of the payment. It may only ask for the information needed for the service itself. Other information about the payer can only be passed on to the payee if the payer has expressly consented. The section supplements § 4-16 on payment initiation services and sits alongside § 4-18 on account information services (kontoinformasjonstjenester). All three are in the chapter on account agreements (kontoavtaler) and payment services (betalingstjenester).