Platforms and marketplacesbyPayTechLaw.com3. November 2022No comments Platforms and marketplaces are widely used as synonyms. The term platform is used as a technical umbrella term… Read More
Postpaid cardbyChristian Walz25. October 2019No comments A postpaid card is a payment card which results in the relevant payment amount being debited from the… Read More
Prepaid cardbyChristian Walz25. October 2019No comments A prepaid card is a payment card that can only be used within the limit of a credit… Read More
PSD2byKemal Ahmedi11. November 2019 PSD2 is the English abbreviation commonly used for the guideline (EU) 2015/2366 of the European Parliament and Council… Read More
Pull paymentsbyChristian Walz23. January 2020No comments A “pull payment” is a payment transaction that is triggered by the payee. For example, a direct debit… Read More
Push paymentbyChristian Walz23. January 2020No comments A “push payment” is a payment transaction that is initiated by the payer. For example, a credit transfer… Read More
Regulation 924byKemal Ahmedi23. January 2020No comments Regulation (EC) 924/2009 (“Regulation 924” or “EU Charges Regulation”) contains provisions for cross-border payments within the EU. The… Read More
Reliance modelbyPayTechLaw.com3. November 2022No comments The reliance model (Section 17 AMLA) is the possibility to outsource due diligence obligations under money laundering law… Read More
Remote payment transactionbyChristian Walz9. July 2020No comments The term remote payment transaction is defined in Section 1 para. 19 of the German Payment Services Supervision… Read More
SEPAbyMarina von Wallenberg-Pachaly7. July 2020No comments The abbreviation SEPA stands for Single Euro Payments Area. Its legal basis is the European SEPA Regulation (Regulation… Read More