“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…
Factoring – What factoring licence should I apply for?
It is clear that anyone wishing to carry out factoring in Germany first needs a factoring licence. However,…
PayTechTalk 34 – licence types for payment service providers
Recently I looked into the topic of licence types for payment service providers on PayTechLaw. In my…
May I or may I not? The types of licences for payment service providers
Perhaps you’ve experienced this before? When talking to different people about what licence is required for payment services,…
PayTechTalk 32 – Payment Account and Co. | The “old” Payment Accounts Act. What applies from 31 October 2018?
The Payment Accounts Act is an “old” law dating from April 2016 but it is going to be…
PayTechTalk 30: BaFin licence for payment institutions – this is how it works
Since the implementation of PSD2, or most likely even before, many companies have been preoccupied with one question:…
Prepaid cards: closed loop, open loop, restricted open loop or semi-closed loop?
If you talk to insiders from the payment industry about prepaid card systems, they inevitably use terms such…
Update re intra-group exemption
The German regulator BaFin lately issued a very narrow interpretation of the BaFin intra-group exemption. However, if group…
E-Loyalty: To be or not to be
E-Loyalty: Multi-partner bonus programs under review from a ZAG perspective Since 13 January 2018 the new payment services…
Technical Service Provider or Payment Initiation Service? Clues from BaFin’s guidance notice
On 29 November 2017, BaFin issued a new guidance notice on the new Payment Services Supervisory Act (“ZAG”)…