The monthly law journal covering legal issues in banking, e-finance, e-money and online payments including, mobile payments (m-payments), micropayments, pre-paid cards and other payment cards, online banking, NFC (near field communication) and other contactless payments, digital currencies such as Bitcoin, mobile wallets and virtual money, e-invoicing, e-billing and e-payments, card fraud and other cybercrime, as well as regulatory regimes such as the E-Money Directive (EMD and 2EMD), the Payment Services Directive (PSD), SEPA, the US Electronic Money Regulations 2011, and the UK Bribery Act 2010. / read more
January's edition of E-Finance & Payments Law & Policy
Our news commentary section leads this month with a report on China's final rules for online payments, which include requirements for companies active in this space to improve their security, as well as the categorisation of payment accounts into three types. China also issued draft rules on P2P online lending in an attempt to free this sector from mass fraud.
Dave Birch of Consult Hyperion discusses in an article the 'XS2A' provision of PSD2, which relates to access to bank accounts, and how XS2A is vitally important for the future of banking. Elsewhere, Judith Rinearson and Linda Odom of Bryan Cave also discuss how banks must react to the future, in this case by looking at developments in the fast-moving world of payments and how traditional US financial institutions are reacting.
PLUS: The UK's PSR on access to payment systems - UK report on distributed ledger technology - the EBA's possible regulatory technical standards for strong customer authentication and secure communication - regulating online marketplaces - NY State AML measures - cryptocurrencies on the Isle of Man.
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