EUDI-Wallet: Liability, Recourse & Risks in Payment Transactions | ALLES LEGAL #123
Even when using the EUDI-Wallet, the bank remains the first point of contact for liability – but what happens when it seeks recourse? In episode #123, Peter Frey explains why the lack of clear legal rules creates risk for everyone involved.
The implementation deadline for CCD2 is approaching – and consumer credit law will soon apply to BNPL models
Buy Now, Pay Later (BNPL) has evolved from a simple payment method into a major financing tool in e-commerce—and is now under regulatory scrutiny. The Second Consumer Credit Directive and its implementation in Germany expand the scope of consumer credit law significantly. This article explains which BNPL models will fall under consumer credit rules in the future and where lawmakers draw the line.
The EBA Report on White Labelling and its learnings for BaaS providers
The European Banking Authority (EBA) has published a Report on White Labelling dedicated to the growing use of white labelling (or “banking as a service” or “fronting banking”) as a business model within the EU financial sector.
Between swiping and regulation
Social commerce is transforming social media platforms like TikTok into virtual marketplaces—but without a license to provide payment services, legal challenges arise. This article examines how existing payment regulations apply to new platform models and the regulatory tightrope they must walk.
Buy Now, Pay Later – the current legal | ALLES LEGAL #114
Buy Now, Pay Later – a current legal perspective.
In the latest episode of Alles Legal – Fintech-Recht kompakt, Dana Wondra and Annerton lawyer Florian Lörsch analyse the legal foundations and practical structures behind BNPL. Tune in now!
Warning! Borrowing money costs money!
Digitalisation has radically transformed consumer lending. What used to be called hire purchase is now marketed as “Buy Now Pay Later” – and it’s booming, especially for smaller purchases. But with its widespread use come new risks. Lawmakers are now planning to take action.
The interplay of CCD2 and AMLR: AML obligations for merchants offering invoice or instalment payments
The Anti-Money Laundering Regulation includes creditors of consumer credits in the list of obliged entities, while (EU) 2023/2225 (“CCD2”) significantly broadens the definition of consumer credit. In practice, this creates a notable distinction.
DigiFin25 – Creating the Future Together
Digitisation, regulation, geopolitical uncertainty – the pace of change in the financial sector has rarely been as intense as it is today. DigiFin25 brings together the key players to discuss the future of the financial industry – and we’re right at the heart of it.
PayTechLaw – now available as a book!
With the title “PayTechLaw – The Law of Digital Payment Services”, a new handbook has been published by C.H. BECK. It is dedicated entirely to the regulatory and civil law framework of digital payments. The editors: Prof. Dr. Carsten Herresthal, LL.M., and Annerton partners Dr. Matthäus Schindele and Frank Müller, LL.M. – all recognized experts in payment services and financial regulatory law. They were supported by a top-class team of authors – including many familiar names from the Annerton environment and beyond.
Material legal framework that payment service providers in the area of IT regulatory law need to know
New regulations, new obligations – with NIS2 and DORA, the requirements for payment service providers under IT supervision…
PSR: Proposal for greater transparency of merchant fees in the card business
Trialogue negotiations on the PSR and PSD3 are expected to start at EU level shortly after the summer break. The European Council set out its position on 13 June 2025. For the PSR, the Council proposes in Article 31a to improve the transparency of merchant fees for card-based payment transactions.
Anti-Money Laundering Law: Key Legal Sources for Payment Service Providers
The European Union’s Anti-Money Laundering Package (AML Package) presents a paradigm shift in anti-money laundering supervision for payment…
Material legal framework that payment service providers in the area of regulatory law need to know
Payment service providers must be familiar with and comply with numerous regulatory requirements, including key legal acts such…