New year, new law for the implementation of the fifth Anti-Money Laundering Directive
On 1 January 2020, the new Act on the Implementation of the fifth Anti-Money Laundering Directive (5AMLD) entered…
PayTechTalk 48 – PayTechLaw end-of-year review 2019
Lex Apple Pay, online direct debits, crypto custody business, the implementation of the AMLD5, Libra and SCA: 2019…
The PayTechLaw-Team wishes a very Merry Christmas
It’s crazy how quickly time flies by – and it’s again Christmas again. And a wonderful year 2019…
Direct debits are dead. Long live direct debits! – What the CJEU ruling regarding direct debits means for online merchants
In a recent extraordinary ruling, the CJEU decided that merchants are not allowed to only offer the possibility…
PayTechTalk 47: Lex Apple Pay – A great moment for Parliament or legislative nonsense?
Happy Birthday Das Wichtigste zuerst: Happy Birthday, Apple Pay Deutschland! Sie sehen gerade einen Platzhalterinhalt von Standard. Um…
“Lex Apple Pay” – let’s pretend we don’t have a clue… what exactly are technical infrastructure services?
Everyone has been talking about “Lex Apple Pay” ever since the Finance Committee provided its recommendation to include…
PayTechTalk 46 – Crypto custody business: Amendments to the KWG in connection with the implementation of the fifth Anti-Money Laundering Directive
At first glance, the “Act implementing the Amending Directive of the fourth EU Anti-Money Laundering Directive” does not…
Information obligations, transparency and equal fees: The rules introduced by the EU Fees Regulation are just around the corner
On 15 December 2019, the first amendments introduced by Regulation (EC) No. 924/2009 on cross-border payments within the…
The trials and tribulations of the ECB payment statistics
Before I begin, I’d just like to set the scene by establishing a few things: Just as lawyers…
PayTechTalk 45 – Chinese payment methods: what makes WeChat Pay, Alipay and co. so successful?
In today’s episode of PayTechTalk, we will for once not focus primarily on legal and regulatory issues. Rather,…
New regulatory requirements for outsourcing
Background. In the current context of digitisation and the increasing importance of information and financial technologies on the…
ATMs & VAT: CJEU ruling regarding the outsourcing of ATM operations
We have already reported several times on the VAT exemption for so-called white label structures and particularly on…
Crypto tokens: BaFin provides details on administrative practice
On 16 August 2019 the German Federal Financial Supervisory Authority (BaFin) published a new guidance note regarding crypto…
Opinion on the draft EBA guidelines on loan origination and monitoring: Please accept technology as part of banking!
The European Banking Authority (EBA) has carried out a consultation on draft guidelines on loan origination and monitoring.…