Topic
Payment
982 published works
Global Regulation Tomorrow
Latest EPC publications
On 14 November 2023, the European Payments Council published: 2021 SEPA Credit Transfer rulebook version 1.3 (EPC125-05) 2021 SEPA Instant Credit Transfer rulebook version 1.3 (EPC004-16) 2021 SEPA Direct Debit…
Global Regulation Tomorrow
PSR consults on generally applicable requirements: draft review framework
By Anita Edwards, Simon Lovegrove (UK), Matthew Gregory (UK)
On 9 November 2023, the Payment Systems Regulator (PSR) published a consultation paper on generally applicable requirements: draft review framework. The PSR has powers under Part 5 of the Financial…
Clio Blog
Digital Wallets for Lawyers: How to Accept Payment
By Emmyohiri
Digital wallets are rapidly growing in popularity. A recent Forbes report found that more than half of Americans (53%) now use digital wallets more frequently than traditional payment methods. Furthermore,…
Regulatory Oversight
State AGs and State Money Transmission Regulators Settle With Payment Processor Over Unauthorized Mortgage Withdrawals
By Troutman Pepper Locke State Attorneys General Team, Keith J. Barnett, Carlin McCrory
On October 17, 52 state and territorial attorneys general, in addition to state money transmission regulators, entered into settlements amounting to more than $20 million with ACI Worldwide (ACI), to…
Consumer Finance Monitor
This week’s podcast episode: Understanding the Credit Card Competition Act a/k/a Durbin 2.0
Our special guest is Zarik Khan, Founder and Managing Director of Finsolute Advisors. Congress is now considering whether to enact the CCCA, a bill that would require credit card issuers…
Bright Law Blog
Payments system regulation update
The Australian government has released for consultation an exposure draft of amendments to the Payment Systems (Regulation) Act 1998 (PSRA) to ensure the regulation of new risks related to payments…
Global Regulation Tomorrow
DNB consults on Q&A on supervisory boards at payment institutions and EMIs
By Floortje Nagelkerke (NL), Julia van der Grint
On 16 October 2023, the Dutch Central Bank (De Nederlandsche Bank, DNB) published for comment a draft Q&A on supervisory boards at payment institutions and electronic money institutions (EMIs). The…
Consumer Finance Monitor
This week’s podcast episode: A look at the impact of new developments in payment systems on low-income consumers
Our special guest is Mark Budnitz, Professor Emeritus, Georgia State University College of Law. In an article recently published in the Georgetown Journal on Poverty Law & Policy, Prof. Budnitz…
Global Regulation Tomorrow
PSR consults on proposed revisions to its powers and procedures guidance
By Matthew Gregory (UK), Albert Weatherill (UK), Anita Edwards, Simon Lovegrove (UK)
On 3 October 2023, the Payment Systems Regulator (PSR) published Consultation Paper CP23/9 on proposed revisions to its Powers and Procedures Guidance (CP23/9). The Powers and Procedures Guidance (PPG) sets…
Bright Law Blog
The Australian Debit Card Market: Default Settings and Tokenisation – Conclusions Paper
The Reserve Bank of Australia has released The Australian Debit Card Market: Default Settings and Tokenisation Conclusions Paper setting out the conclusions of its recent public consultation on options for…