Topic
Payment
982 published works
Global Regulation Tomorrow
Joint statement on transition to PSD2 RTS
On 26 July 2019, representatives of the two European Third Party Providers (TPP) associations and representatives of the three European Credit Sector Associations (ECSAs) and the Financial Data and Technology…
All About Advertising Law
Exactly How Long is the Long Arm of the Law? The FTC Seeks to Extend its Reach to Offshore Payment Processors
By Leonard L. Gordon, Mary M. Gardner, Matthew S. Renick
We frequently hear about the "long arm of the law," but, in the case of the Federal Trade Commission, just how far does that arm actually reach? The FTC recently…
Florida Construction Legal Updates
QUICK NOTE: 4 ELEMENTS OF MILLER ACT PAYMENT BOND CLAIM
A subcontractor on a federal construction project must prove the following four elements in a Miller Act payment bond claim: 1. The subcontractor supplied labor and/or material per its subcontract;…
Financial Services Perspectives
FTC Imposes $110 Million Fine Against Payment Facilitator and Its Executives
Payment processor/facilitator Allied Wallet, its CEO, and two other corporate officers, recently agreed to settle Federal Trade Commission (FTC) charges that they assisted or knowingly processed fraudulent transactions for merchant-clients.…
Global Regulation Tomorrow
EBA reveals the four key trends that will affect payment institutions’ and e-money institutions’ business models
The European Banking Association (EBA) has published a report titled “The Impact of Fintech on Payment Institutions’ and E-Money Institutions’ business models” (the Report). The Report acknowledges the significant changes…
Global Regulation Tomorrow
Non-bank payment service providers – requirements for safeguarding of customer funds
By Simon Lovegrove (UK), Albert Weatherill (UK)
On 4 July 2019, the FCA published a new web page concerning a multi-firm review it had undertaken with 11 non-bank payment service providers to assess how well they meet…
Global Regulation Tomorrow
Access and governance report on payment systems: update on progress
By Albert Weatherill (UK), Matthew Gregory (UK)
On 27 June 2019, the Payment Systems Regulator (PSR) published its fourth report on access to payment systems and the governance of payment system operators in the UK. The report…
LawSites
Payment Processor LawPay Gets New CEO, As Founder Steps Aside
By Bob Ambrogi
AffiniPay, the Austin, Texas, payment processing company that operates LawPay, which is among the most popular online payment tools for legal professionals, is announcing today that it has named a…
Global Regulation Tomorrow
EBA publishes an opinion on the elements of strong customer authentication under PSD2
By Matthew Gregory (UK), Albert Weatherill (UK)
On 21 June 2019, the European Banking Authority (EBA) published an opinion on the elements of strong customer authentication (SCA) under the revised Payment Services Directive (PSD2). The opinion provides…
Bright Law Blog
Reserve Bank review of New Payments Platform
The Reserve Bank has released a report on the functionality of, and access to, the New Payments Platform. The report contains 13 recommendations for implementation by NPP Australia (NPPA) which…