Electronic vouchers: Which license requirements do exist for the issuance and distribution?
Vouchers are a useful thing. You can get them in the supermarket around the corner, even there 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…
EPI: The destination is clear but now how we get there (part 2)
Update on the European Payments Initiative (EPI) and the EU Retail Payments Strategy (RPS) In the first part…
SEPA Request-to-Pay (SRTP | R2P)- the messaging service for payments
SEPA Request-to-Pay (SRTP) is a new scheme by the European Payment Council, similar to SEPA Credit Transfer (SCT),…
BaFin inspecting general terms and conditions: What do payment and other financial services providers need to be aware of?
When drafting general terms and conditions (“T&C”), the “opponents” are generally your contractual partners as well as consumer…
The EPI: The destination is clear but not how we get there (part 1)
New information on the European Payments Initiative (EPI) and the EU’s Retail Payments Strategy (RPS) On 2 July,…
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…
Interchange Fee Regulation: a stimulus package for acquirers?
EU Regulation 2015/751 on interchange fees for card-based payment transactions – more commonly known as the Interchange Fee…
Legal, illegal, who cares? – Sanctions for payment services and e-money business without a licence
As part of our daily advisory work, we often have to consider whether a license is required for…
PEPS-I: Monnet 2.0 or SCT Inst?
Since mid-2019, around 20 banks from 9 eurozone countries have been discussing behind closed doors a concept for…