Entries by Dr. Susanne Grohé

Screen Scraping is dead – long live Screen Scraping!

A heated debate has been going on for years as to whether account information services providers (AISP) and payment initiation services providers (PISP) and card based payment instrument issuers (CBPII) may use screen scraping as a means of accessing the payment user’s account at their payment account service provider (ASPSP). With PSD2 and more specifically, […]

Who am I? Identity management and strong customer authentication

Identity management and strong customer authentication are the talk of the day. However, the terminology is more than confusing. For example, customers need to be identified for the purposes of AML, they need to authorize a payment, and when authenticating themselves, it is checked whether they are actually the person they pretend to be. I […]

Information obligations under the Payment Accounts Act. Well intended. Not well implemented

The German Payment Accounts Act (Zahlungskontengesetz, ZKG) already entered into force in 2016. The key part of the law is the basic account, which gives people living in the EU the right to an account with basic functions. This also applies to refugees and in order to ensure this, even the Anti-Money Laundering Act was […]

PayTechTalk 26 – PayPal and Simple Language

PayTechTalk 26 – PayPal and Simple Language
PayTechTalk

 
 

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Simple Language is important. Many people need Simple Language in order to understand everything. Only if you understand everything, can you participate everywhere.*   One usually only comes across Simple Language on websites of public authorities. And now also on PayPal. What is Simple Language and how does it contribute to accessibility? Who is the […]

Update re intra-group exemption

The German regulator BaFin lately issued a very narrow interpretation of the BaFin intra-group exemption. However, if group companies are able to meet certain requirements they shall now be able to rely on the intra-group exemption and will not need a payment license. In its circular regarding the German Payment Services Supervisory Act (ZAG), BaFin […]

PayTechTalk 22 – One in a Billon

PayTechTalk 22 – One in a Billon
PayTechTalk

 
 

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Looking for real life use cases for the blockchain technology? What’s the real advantage of using the blockchain technology? What’s the solution to the amount of energy blockchain needs? Why may blockchain be a solution for GDPR issues? So many interesting topics to think and talk about… I had the pleasure to speak to Andrzej […]

Update. PayTechTalk 21 – PayPal, what´s up?

Update. PayTechTalk 21 – PayPal, what´s up?
PayTechTalk

 
 

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The PayPal Button can be found almost everywhere, but what now? Where can new development come from? Is PayPal going to open a branch of a bank? Many questions. So it is time to ask them. PayPal, what´s up? Frank is going to tell us. I got a concrete answer from Frank Keller, CEO of […]

Double standards: ESAs place high demands on the use of innovative solutions regarding anti-money laundering prevention

In their opinion, the ESAs praise how money laundering and the financing of terrorism can be prevented by using new technological solutions. However, they are only full of praise as far as the collection and review of large amounts of data are concerned. The demands they place on innovative KYC solutions is disproportionately higher than […]