The payment service provider must report and retain the following information on payment transactions:
- the name or business name of the beneficiary,
- any tax number or other national identification number of the beneficiary (if available),
- IBAN account number or another unique identifier of the beneficiary,
- the BIC or other company identification code of the payment service provider acting on behalf of the beneficiary, if the beneficiary receives funds without having a payment account,
- the beneficiary's address (if available, as recorded in the payment service provider's records),
- the details of the cross-border payment and the payment identified as a cross-border repayment, such as its amount and date, currency.
In addition, the payment service provider must report its BIC code or other unique identifier, such as the company identifier. For example, if banks belonging to a consortium use a common BIC code, the payment service provider must use a different code as a unique identifier.
More detailed information is provided in the technical guide.