The revised Payment Services Directive (PSD2) has now been adopted by the European Parliament, clearing the way for its approval in the near future by the EU Council of Ministers and subsequent publication in the […]
Since the growth of online marketplaces such as eBay, many e-tailers have established themselves as successful players in this market – including more segmented operators like Asos.com. The growth in these business models is only […]
The UK Government’s “Cutting Red Tape” initiative includes a review of the impact on business of the current anti-money laundering & terrorist finance regime. This review allows stakeholders to submit their comments on their compliance […]
Payments UK has issued a voluntary: “Code of Conduct for Indirect Access Providers” (the “Payment Access Code“). The Code is in response to the Payment Systems Regulator’s (PSR) policy statement findings following its consultation – […]
The UK’s Competition and Markets Authority (“CMA“) has now issued its guidance on unfair terms, further to the expected commencement of the Consumer Rights Act‘s (“CRA“) key provisions on 1 October 2015. This document will be relevant to almost […]
The European Banking Authority‘s (EBA) first tranche of “Security of Internet Payment Guidelines” became effective from 1 August 2015. Following the EBA’s consultation published in October 2014, the EBA decided that due to the continually high […]
A significant reform of UK consumer protection law has been carried out with the enactment of the Consumer Rights Act 2015 (“CRA”). Many of the key requirements of the CRA will come into force from October […]
It is no longer the case that Bitcoin and other virtual currencies (VCs) live in a legal / regulatory vacuum. Many will be familiar with the regulations outlining the New York State “Bitlicensing Regime” and closer […]
ApplePay will launch in the UK this July with over 250,000 merchant locations (incl. M&S, Boots, Waitrose & TFL) and partnering with an initial 8 banks (such as HSBC, Santander & RBS). More banks are slated to […]
We recently reported on some of the key matters that operators of a bitcoin business should consider in light of the new NY Virtual Currency licensing regime. Now the New York State Department of Financial […]