Essential civil law requirements for payment services | PayTechLaw advent calendar #11
In addition to regulatory requirements, payment service providers shall also comply with civil law requirements, which can be…
The strong customer authentication | PayTechLaw advent calendar #10
Strong Costumer Authentication (SCA) is a special form of authentication which is regulated in §§ 1 para. 24.…
Payment by SEPA basic direct debit | PayTechLaw advent calendar #8
The SEPA Core Direct Debit is a popular payment method. In contrast to a credit transfer, the creditor…
Limited Network and Limited Range | PayTechLaw advent calendar #7
In the context of payment services and e-money, many speak of Limited Networks and Limited Range. This refers…
Commercial Agent Exemption | PayTechLaw advent calendar #6
After the last few articles dealt with the various payment services, this one focuses on an exception. Even…
Vouchers and Gift Cards | PayTechLaw advent calendar #5
The terms “gift card” or “voucher” (hereinafter jointly “voucher”) are not defined in the law. However, it is…
SEPA Proxy Lookup (SPL) – Mobile Payment with your phone number
After having outlined the functionalities of the SEPA Request-to-Pay scheme developed by the European Payments Council (EPC), this…
Need a licence? Licence rental simply explained
Who amongst us is not familiar with this situation? You have a great business idea for a revolutionary…
Income tax: Last chance self-indictment? What do Airbnb lessors and (former) investors at Austrian banks have in common?
What happened? New (Fin)tech platforms have led to the rise of innovative business models such as Airbnb which…
Comment on the draft general ruling of BaFin regarding Sec. 24c KWG and virtual IBAN
BaFin has published a general ruling on 7 September 2020, pursuant to which credit institutions are obliged to…