Topic
Payment
982 published works
Bright Law Blog
Payment service providers regulation
Treasury is consulting on draft legislation for a new regulatory framework for payment service providers. The draft Tranche 1 legislation covers: definitions of regulated payment functions; licensing obligations, including how…
Florida Construction Legal Updates
ALERT: FRAUDULENT NOTICE OF NONPAYMENT DEFENSE APPLIES TO PAYMENT BOND CLAIMS
Under Florida’s Lien Law, there’s an affirmative defense or affirmative claim known as a “fraudulent lien.” The fraudulent lien defense or claim is set out in Florida Statute s. 713.31. …
Global Regulation Tomorrow
In a nutshell – New termination provisions for PSR contracts
By Matthew Gregory (UK), Haris Karacosta, Simon Lovegrove (UK)
In our latest briefing, we consider the key takeaways for firms under the Payment Services and Payment Accounts (Contract Termination) (Amendment) Regulations, which will amend the Payment Account Regulations 2015…
Taft Privacy & Data Security Insights
Payments and Privacy – What Issues Should Payment Service Providers Be Paying Attention To?
In the payments world, commentators note Illinois’ recent Interchange Fee Prohibition Act, which prohibits charging interchange fees on the tax or tip portions of processed transactions. Key portions of the…
French Law .Blog
Fraudes au virement : le principe de non-immixtion de la banque justifie que la notion d’anomalie apparente reste d’interprétation stricte,
La banque qui exécute un ordre de virement en vue d’un investissement agit comme simple prestataire de services de paiement. À ce titre, elle n’est tenue ni de s’immiscer dans…
Global Regulation Tomorrow
Eurosystem publishes strategy for future of European payments
By Simon Lovegrove (UK), Dorothée Ciolino
On 31 March 2026, the Eurosystem issued its payments strategy outlining its vision for the evolution of Europe’s payments amid rapid technological change. The payments strategy complements the Eurosystem’s cash…
Global Regulation Tomorrow
Corrigendum to Regulation (EU) 2025/1355 of the ECB on oversight requirements for systemically important payment systems
By Simon Lovegrove (UK), Michael Born (DE)
On 27 March 2026, there was published in the Official Journal of the EU, a Corrigendum to Regulation (EU) 2025/1355 of the European Central Bank of 2 July 2025 on…
Global Regulation Tomorrow
PSR annual work programme 2026/27
By Simon Lovegrove (UK), Charlotte Carnegie
On 26 March 2026, the Payment Systems Regulator (PSR) published its annual work programme 2026/27. The work programme sets out what the PSR intends to deliver in 2026/27 and focuses on…
French Law .Blog
Faux RIB : la banque qui rédige elle-même l’ordre de virement peut voir sa responsabilité engagée
Par un arrêt du 4 mars 2026, la chambre commerciale juge que le régime de l’article L. 133-21 du code monétaire et financier ne protège pas la banque lorsqu’elle ne…
Sanctions & Export Controls Update
EU issues new FAQ guidance on the provision of payments services under the EU Russia Sanctions
By Tristan Grimmer (UK), Esmee Kooke (Netherlands), Dr. Tivadar Ötvös LL.M. Ph.D. (Hungary), Philippe Reich (Switzerland)
On 13 March 2026, the European Commission published a new set of Frequently Asked Questions (“FAQs”, accessible here) clarifying the scope and application of EU sanctions restrictions on the provision…