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
July's issue of E-Finance & Payments Law & Policy
The spectre of Brexit is everywhere as July begins - it's no different in the payments sector, with FinTech's future in particular under a shadow thanks to the UK's vote to leave the EU. Our lead article this month sees Roger Tym and Virginia Montgomery of Hogan Lovells International LLP review how the fallout from Brexit is likely to affect the UK payments sector - what EU laws will be implemented despite Brexit, and what do the UK's options for the future mean for the future of payments?
While there is considerable concern and uncertainty for business at present, Angus McLean of Simmons & Simmons in his article on the UK as a FinTech hub offers a positive take on things, predicting that given continued Government will and support, the UK may well continue to be a shining star of the FinTech scene.
Also this issue, Lucy Frew of Kemp Little LLP discusses the proposed reforms to the EU prospectus framework - through the Prospectus Regulation put forward in November 2015 - and what they mean for the crowdfunding and alternative finance sectors.
PLUS: AML & virtual currencies and prepaid in the EU - open access to payments systems - innovation in the US federal banking system - FinTech measures and their suitability for the US - German competition authority decision on online banking restrictions.