Topic
Payment
982 published works
Regulatory Oversight
Mastercard to Provide Additional Transaction Detail
By James Stevens, Brad Resweber, Sarah Hanna, Ethan G. Ostroff
According to a recent announcement, Mastercard will begin providing customers with additional details about their purchases, such as the merchant’s name, logo, and location of purchase. Mastercard is inviting merchants…
Global Regulation Tomorrow
FCA CP21/3: Changes to the SCA-RTS and to the guidance in ‘Payment Services and Electronic Money – Our Approach’ and the Perimeter Guidance Manual
By Albert Weatherill (UK), Simon Lovegrove (UK)
On 28 January 2021, the FCA published Consultation Paper 21/3: Changes to the SCA-RTS and to the guidance in ‘Payment Services and Electronic Money – Our Approach’ and the Perimeter…
Construction Payment Blog
4 Reasons You’re Dealing With Slow Payment on Jobs — and What You Can Do About It
If you’re dealing with slow-paying customers, you’re not alone. Chasing down customers for payment shouldn’t be the norm, yet for most subcontractors and suppliers, it is. In fact, a recent…
MoFo ReEnforcement: The Enforcement Blog
OCC Permits National Banks and Federal Savings Associations to Use Independent Node Verification Networks and Stablecoins for Payment Activities
By Marc-Alain Galeazzi, Susan Gault-Brown, Jeremy Mandell, F. Dario de Martino, Barbara Mendelson, Malka Levitin, Mark Sobin
As part of the Office of the Comptroller of the Currency’s (OCC) declared effort to keep pace with a mounting demand for faster, cheaper, and more efficient payments, and the…
Florida Construction Legal Updates
IS A MILLER ACT PAYMENT BOND SURETY BOUND BY A DEFAULT OR DEFAULT JUDGMENT AGAINST ITS PRINCIPAL?
Maguire-O’Hara Construction, Inc. v. Cool Roofing Systems, Inc., 2020 WL 6532852 (W.D. Oklahoma 2020) is an interesting case dealing with suretyship law and the subject of whether a Miller Act…
Construction Payment Blog
“It’s about leverage”: Construction lawyers share the power of lien rights
For folks in the construction industry, a mechanics lien is one of the most valuable tools for getting paid. Every state has mechanics lien laws that protect construction professionals facing…
Construction Payment Blog
How a Subcontractor Protected His Business When Customers Struggled to Make Payments Due to COVID-19
Regions Facility Services, a Florida-based trade contracting business, almost never had issues with non paying customers prior to COVID-19. However, in the spring of 2020 when many businesses were forced…
Global Fintech & Digital Assets Blog
Pay.UK Releases Paper on Protections in Consumer-to-Business Payments
The paper identifies potential gaps in protections for consumers, with a focus on consumer-to-business payments via the Faster Payments System. By Christian F. McDermott, Claudia Sousa, and Alain Traill In…
Gravity Legal Blog
Virtual Learning: Credit Card Fees for Law Firms
By Dan Lear
For many law firms, credit card processing fees are a sizeable item on the income statement. Because there are a variety of different types of processing fees, it can be…
Global Regulation Tomorrow
Revision of the Regulation on oversight requirements for systemically important payment systems (the SIPS Regulation)
On 27 November 2020, the Eurosystem published its proposed amendments to Regulation of the European Central Bank (EU) No 795/2014 of 3 July 2014 on oversight requirements for systemically important…