E-money under PSD3 and PSR
On June 28, 2023, the EU Commission presented proposals for a Payment Services Directive 3 (“PSD3“) and a…
The metamorphosis of a payment instrument into a payment app
If you “google” the term payment app, you come across Apple Pay, Google Pay, Payback Pay, Bluecode, PayPal…
Win a ticket to the Money 20/20 Europe 2023 in Amsterdam!
Money20/20 Europe is back with a bang! Money 20/20 is the place where money does business. From payments,…
EBA’s Final Guidelines on Remote Customer Onboarding Solutions – Technological Neutrality as a Premise
After having publicly consulted on the draft Guidelines on the use of remote customer onboarding solutions until March…
BaFin’s latest adjustments to the MiFID conduct of business obligations
According to the newly amended FAQ of the German Federal Financial Supervisory Authority (BaFin) on the MiFID II…
Revised regulatory technical standards on strong customer authentication and common and secure communication under PSD2
Revised RTS on SCA & CSC under PSD2 On 5 April 2022, the European Banking Authority (EBA) published…
Financial services – The same word, but not the same meaning under regulatory law and civil law
What are financial services? What are financial services? One might think that this question can be answered unambiguously.…
Opening a Bank Account in Germany: A Guide for Refugees and Helpers
Эта статья также доступна на русском языке. How to open a bank account in Germany A bank…
Fee and contract amendment clauses in bank GTCs invalid | Consequences for the payment and banking practice
In its ruling of April 27th, 2021 (XI ZR 26/20), the “banking chamber” of the Federal High Court…
Fee and contract amendment clauses in banks’ GTCs invalid
In its ruling of 27 April 2021, the German Federal Court of Justice (“BGH”) declared fee and contract…