From ‘A for acquirer’ to ‘Z for ZAG licence’: our PayTechLaw glossary gives guidance
Update | 3.11.2020 265 glossary terms. These are 136 German and 129 English explanations of industry-specific technical terms,…
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),…
PayTechTalk 57 – Licence rental, License as a Service, Banking as a Service, BIN Rental, BIN Sponsoring, Sponsor bank relationship
In his last blog article, Christian dealt with licence rental and gave an example to show what to…
Need a licence? Licence rental simply explained
Who amongst us is not familiar with this situation? You have a great business idea for a revolutionary…
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…
Income tax: Last chance self-indictment? What do Airbnb lessors and (former) investors at Austrian banks have in common?
What happened? New (Fin)tech platforms have led to the rise of innovative business models such as Airbnb which…
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…
PayTechTalk 56 – Custody of Digital Assets
PayTechTalk #56 again represents a very special episode. In this episode we will discuss with four renowned Blockchain…
eIDAS and AMLD5: A perfect match?
In the fight against money laundering and terrorist financing, accurate identification and verification of customer data are an…
BaFin Guidance Notice on planned reforms regarding members of management / supervisory bodies (part 2)
In part 1, we provided some background information to the updated BaFin guidance notices entitled “Guidance Notice on…
Crypto Currencies & Crypto Custody Services: The Custody of Digital Assets under Investment Law
In our first part, we have already dealt with the core questions and problems related to the safekeeping…
BaFin Guidance Notice on planned reforms regarding managing directors pursuant to the KWG, ZAG and KAGB (part 1)
BaFin is currently working on updating its “guidance notice on managing directors pursuant to the KWG, ZAG and…
VAT-moratorium for single-purpose vouchers?
Special rules for the VAT treatment of vouchers since 1 January 2019 Since 1 January 2019 new rules…