Topic
Payment
982 published works
Real Estate & Construction
“Pay that man his money,” or don’t. Contingent Payment in Tennessee for Subcontractors
By Wally Irvin
The payment term is the most important provision of any subcontract. Subcontractors are not typically advanced money at the start of their work, requiring them to front the cost of…
Banking, Finance and Securities
Rencontres du Club SEPA
The European Central Bank (ECB) has published a speech given by Executive Board Member Yves Mersch. The speech is entitled Rencontres du Club SEPA. In his speech Mr Mersch discusses:…
Banking, Finance and Securities
FCA “Dear CEO” letter on authorised push payment fraud
The FCA has published a “Dear CEO” letter on authorised push payment (APP) fraud. The letter notes that UK Finance has developed a set of APP Best Practice Standards for…
Data Protection Report
New security requirements issued for credit card payments on mobile devices
On January 24, 2018, the governing body for credit and debit cards, known as the Payment Card Industry (PCI) Security Standards Council, announced a new set of security requirements designed…
Tilting the Scales
Should You Accept Customer Payments in Bitcoin?
By Drew York
After not meeting his 2017 sales goals, Ollie B. Celling knows he might get fired from Duncey’s Caps, Inc. if he doesn’t get his numbers up in 2018. Celling begins marketing…
Banking, Finance and Securities
Delegated Regulation supplementing IFR with RTS on separation of payment card schemes and processing entities published in OJ
By Albert Weatherill (UK), Imogen Garner (UK)
There has been published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2018/72 of 4 October 2017 supplementing the Interchange Fee Regulation with regard to regulatory…
Banking, Finance and Securities
Credit Transfer Scheme Interbank Implementation Guidelines 2017 version 2.0
By Matthew Gregory (UK), Peter Snowdon (UK)
The European Payments Council has published implementation guidelines that set out the Single European Payments Area (SEPA) rules for implementing the interbank ISO 20022 XML message standards based on version…
Banking, Finance and Securities
PSR consultation and decision paper on regulatory fees
The Payment Systems Regulator (PSR) has published Consultation and Decision Paper 17/44: PSR regulatory fees: Policy decision on the approach to the collection of PSR regulatory fees from 2018/19 and…
Banking, Finance and Securities
EBA final draft RTS and ITS on EBA electronic central register under PSD2
By Imogen Garner (UK), Albert Weatherill (UK)
The European Banking Authority (EBA) has published a final report on draft: regulatory technical standards (RTS) setting technical requirements on development, operation and maintenance of the electronic central register and…
Constructlaw®
Federal District Court in Virginia Holds That Prime Contractor’s Payment Bond Surety Cannot Rely on No-Damages-For-Delay Clause in Subcontract to Limit Liability to Subcontractor Under Miller Act
United States v. John C. Grimberg Co., Case No. 1:16-cv-991, 2017 U.S. Dist. LEXIS 173362 (E.D. Virginia, October 19, 2017) John C. Grimberg (“Prime Contractor”) was awarded a contract (the…