Topic
Payment
982 published works
Global Fintech & Digital Assets Blog
SCA: Storm Clouds Approaching?
Stripe-commissioned report projects that Europe's online economy risks losing €57 billion when SCA goes into effect on 14 September. By Christian F. McDermott A recent report released by 451 Research…
Technology Law Dispatch
FCA and PRA jointly fine Raphaels Bank for outsourcing failure
R. Raphael & Sons plc (Raphaels) has received fines totalling £1,887,252 from the FCA and PRA for repeated failings in relation to inadequate systems and controls supporting the oversight and…
La Revue
Ordonnance du 24 avril 2019 : ce qui change en matière de « transparence dans la relation commerciale »
Article mis à jour le 4 juin L'ordonnance n° 2019-359 du 24 avril 2019 (JO du 25 avril), refond entièrement le Titre IV du Livre IV du Code de commerce…
DLA Piper Latin America – Law Blog
“30-Day Payment Law” became effective in Chile on May 16, 2019
By DLA Piper
Law 21.131, also known as "30-Day Payment Law” (the "Law"), became effective on May 16th, 2019. Maximum Payment Term The Law establishes a maximum payment term of 60 calendar days since the date the invoice was received…
Constructlaw®
New York Supreme Court Granted Summary Judgment for Subcontractor Where Contractor Attempted to Utilize Contractual “Pay-When-Paid” Provision to Unreasonably Withhold Payment from Subcontractor
A.E. Rosen Elec. Co. v. Plank, LLC, No. 07862-7, 2019 BL 113951 (Sup. Ct. Mar. 01, 2019) On March 1, 2019, the Supreme Court of New York, Albany County, granted…
Association Alert
Court Upholds Association Decision to Return Checks Containing Restrictive Language
By Daniel Miske
Issue When association documents require funds from owners to be applied in a certain order, can a unit owner alter how the funds are applied by writing in the memo…
Construction Law Insights
Owners and Contractors Beware! Electronic Payments in Construction Are Subject to Increased Fraud
By Andrew J. Natale, Michael B. Pascoe
While electronic funds transfer is considered a convenient and quicker way to process payments and receive funds on construction projects, this practice presents significant risk to project participants. Contractual and…
Global Regulation Tomorrow
EBA opinion on the nature of passport notifications for agents and distributors of e-money
On 24 April 2019, the European Banking Authority (EBA) published an opinion on the nature of passport notifications of payment institutions (PIs) and electronic money institutions (EMIs) using agents and…
Consumer Finance Monitor
FTC permanently bans payment processor for violating 2009 order requiring monitoring of merchant clients
A payment processor and its individual owner have entered into a settlement with the FTC to settle charges that they violated a 2009 federal district court order that required them…
The Fintech Report
Fintech Week in Review: Week of April 1 – 5
By Eric Wasik
U.S. Developments Regulatory Updates New Rules for Prepaid Cards, Digital Wallets, and P2P Transfer Apps Become Effective As reported in this blog last year, the U.S. Consumer Financial Protection Bureau…