Topic
Payment
982 published works
Banking, Finance and Securities
FCA proposes changes to complaint handling rules to help victims of authorised push payment fraud
On 26 June 2018, the FCA published Consultation Paper 18/16: Authorised push payment fraud – extending the jurisdiction of the Financial Ombudsman Service (CP18/16). In CP18/16 the FCA sets out…
Banking, Finance and Securities
BoE issues ISO 20022 consultation
On 6 June 2018, the Bank of England (BoE) issued a consultation paper, in conjunction with the new Payments System Operator (NPSO) and the Payment System Regulator, on the first…
New Jersey Law Blog
Beneficiaries Under A Payment Bond
When a project involves the construction of public works, or other improvements to a municipal, county, or a state property, a payment bond is typically posted by the general contractor…
China Law Insight
Opportunities and Challenges Presented by Foreign Investment to Domestic Payment Industry
By King & Wood
By Stanley Zhou, Janet Gu and Leimin Yu 金杜律师事务所金融资本部 Nowadays payment service is increasingly interweaving into commerce and the Internet in China. Its role as the last-mile infrastructure provider connecting…
New Jersey Law Blog
Required Notification to Be Beneficiary Under a Payment Bond
In State, County, or Municipal projects, payment bonds are typically required of the general contractor, as the commercial Construction Lien Law is inapplicable to these projects. Copies of the payment…
The Lien Zone
Collecting the Undisputed Portion of a Construction Claim
By Alex Barthet
Most construction claims are made up of amounts that are in dispute and others that are not. And often, the party holding the undisputed sum does so to exert leverage.…
China Law Insight
金融市场对外开放 | 外商投资境内支付机构的机遇和挑战
By King & Wood
作者：周昕 虞磊珉 金杜律师事务所金融资本部 近日, 经国务院批准, 中国人民银行发布并自即日实施《中国人民银行公告〔2018〕第7号》（以下简称《公告》）, 明确外商投资支付机构的准入和监管政策, 在境内外支付行业中引发广泛关注。随着传统商业场景与互联网场景的深入结合, 第三方支付机构（以下简称“支付机构”）作为商业模式"最后一公里"设施提供方之一, 其价值也受到了市场的热捧, 越来越多的外资机构希望进入中国支付服务市场, 同时境内支付机构开展境外资本运作的意愿也空前高涨。本文简要分析中国支付服务市场准入监管现状, 外资关注的支付业务类别与《公告》内容, 对外商投资境内支付机构所需关注的监管事项与面临的挑战予以着重分析。 一、支付业务分类与准入监管 第三方支付业务（以下简称“支付业务”）是指支付机构在收付款人之间作为中介机构提供的货币资金转移服务。根据《非金融机构支付服务管理办法》(以下简称"2号令")及其实施细则规定, 支付业务划分为网络支付、预付卡的发行与受理、银行卡收单以及人民银行确定的其他支付业务等, 其中, 网络支付又可以细分成互联网支付、移动电话支付、固定电话支付和数字电视支付。 业务种类 业务特征 表现形式 网络支付 （1） 通过电子设备发送支付指令 （2） 依托公共网络或专用网络 （3） 付款人电子设备与收款人特定专属设备不发生交互 （1） …
Global Fintech & Digital Assets Blog
New Kid on the Block – New UK Payment System Operator Takes Over
The consolidation of UK payment system operators marks another big step in delivering on the New Payments Architecture. By Stuart Davis and Brett Carr What happened? Operational responsibility for the…
Latham.London
New Kid on the Block – New UK Payment System Operator Takes Over
The consolidation of UK payment system operators marks another big step in delivering on the New Payments Architecture. By Stuart Davis and Brett Carr What happened? Operational responsibility for the…
Global Fintech & Digital Assets Blog
Poised for Next Payments Boom
By Christian McDermott In recent years, PE firms have been paying to play in the payment processing sector. From Worldpay and Nets, to Bambora and Paysafe, payment processing companies have…