Topic
Payment
982 published works
Global Regulation Tomorrow
BoE publishes speech on the Real Time Gross Settlement service
By Anita Edwards, Simon Lovegrove (UK)
On 25 January 2024, the Bank of England (BoE) published a speech delivered by Victoria Cleland, Executive Director for Payments at the BoE, at the Payments Regulation and Innovation Summit.…
Consumer Financial Services Law Monitor
Navigating the Future of Payments
By Keith J. Barnett, Carlin McCrory, Josh McBeain
As the financial landscape continues to evolve, financial institutions and fintech businesses, including payment processors and money transmitters, are facing increased regulatory scrutiny and heightened consumer expectations. Our dedicated Payments…
Adjudication Insider
One dispute or two?
By Paul Hughes
This blog post may be of interest to our clients involved in construction adjudications in England and Wales. Under s108(1) of the Housing Grants, Construction and Regeneration Act 1996 (E&W)…
Global Regulation Tomorrow
JROC publishes update on 2023 progress and sets out future UK open banking plans
By Anita Edwards, Simon Lovegrove (UK), Albert Weatherill (UK)
On 18 December 2023, the Joint Regulatory Oversight Committee (JROC), which is co-chaired by the FCA and the Payment Systems Regulator (PSR), published an update on the progress it has…
Bright Law Blog
Regulation of Payment Service Providers
The government has issued a consultation paper on a licensing framework for payment service providers (PSPs). The proposed reforms will provide consistent regulation based on the activity a payment service…
Bright Law Blog
Consultation on future of cheque system
The Australian Government has confirmed it intends to wind down the cheques system in Australia by no later than 2030, with government use to be phased out by the end…
Global Regulation Tomorrow
EPC – Yearly update of the “Payment Threats and Fraud Trends Report”
On 7 December 2023, the European Payments Council (EPC) published its yearly update of ‘Payment Threats and Fraud Trends Report’. The report provides an overview of the most important threats…
Bright Law Blog
Payment Systems regulation update
The Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023 was introduced into the House of Representatives on 30 November 2023. Schedule 8 to the Bill amends the…
Corporate & Securities Law Blog
In a Case of First Impression, Ninth Circuit Addresses Personal Jurisdiction Issues Involving Non-Resident Corporation Providing a Web-Based Payment Processing Platform
In Briskin v. Shopify, Inc., No. 22-15815, 2023 WL 8225346 (9th Cir. Nov. 28, 2023), the United States Court of Appeals for the Ninth Circuit held that the Canada-based company…
Commercial Case Notes
Claim For Failure to Pay Did Not Accrue Until Condition Requiring Payment Was Met
By John Lundin
On November 8, 2023, the Second Department issued a decision in Five Star Elec. Corp. v. Skanska USA Bldg., Inc., 2023 NY Slip Op. 05588, holding that a claim for…