Read More 1 minute read FinTech Lawyers Network (fln)byMarina von Wallenberg-Pachaly9. July 2020No comments The FinTech Lawyers Network (fln) is an informal pan-European network of lawyers from different law firms. Founded in… Read More
Four-party systembyChristian Walz30. September 2019 A four-party system describes a payment system (usually a card payment system) with the following four parties: the… Read More
German Banking Act (KWG)byKemal Ahmedi23. January 2020 “KWG” is the abbreviation for the German Banking Act (“Kreditwesengesetz”). The aim of the KWG is to regulate… Read More
German Payment Services Supervision ActbyKemal Ahmedi11. November 2019 The German Payment Services Supervision Act (ZAG) is the law on the supervision of payment services. [more] Read More
Gift card | voucher cardbyChristian Walz14. July 2020No comments The term gift card does not have a legal definition. The term is normally used synonymously with the… Read More
IBANbyChristian Walz5. November 2019No comments The IBAN is an internationally identifiable number for a payment account that uniquely identifies a payment account and… Read More
ICS | International Card SchemesbyPayTechLaw.com18. January 2022No comments ICS (International Card Schemes) are card payment procedures whose cards are accepted on several continents, at least on… Read More
Interchange feebyChristian Walz5. November 2019 The interchange fee is the fee paid for each transaction as part of a payment transaction (e.g. payment… Read More
Intra-group exemptionbyChristian Walz7. July 2020No comments The term intra-group exemption refers to various exceptional circumstances when a banking transaction, a financial service or a… Read More
IssuerbyChristian Walz5. November 2019No comments The “issuer” is usually defined as the undertaking acting as the payment service provider of the payer (consumer… Read More