Vouchers and Gift Cards | FinTech online course #5
The terms “gift card” or “voucher” (hereinafter jointly “voucher”) are not defined in the law. However, it is…
Commercial Agent Exemption | FinTech online course #6
After the last few articles dealt with the various payment services, this one focuses on an exception. Even…
Limited Network and Limited Range | FinTech online course #7
16In the context of payment services and e-money, many speak of Limited Networks and Limited Range. This refers…
Payment by SEPA basic direct debit | FinTech online course #8
15The SEPA Core Direct Debit is a popular payment method. In contrast to a credit transfer, the creditor…
The strong customer authentication | FinTech online course #10
Strong Costumer Authentication (SCA) is a special form of authentication which is regulated in §§ 1 para. 24.…
Essential civil law requirements for payment services | FinTech online course #11
In addition to regulatory requirements, payment service providers shall also comply with civil law requirements, which can be…
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…