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Global Media and Communications Watch The International Legal Blog for the Tech, Media and Telecoms Industry

Tag Archives: Payments

Posted in e-commerce, Policy & Regulation, Technology

Hogan Lovells Global Payments Newsletter l April 2017

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

  • FCA launches consultation on revised guidance and
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Posted in e-commerce, Policy & Regulation, Technology

Hogan Lovells Global Payments Newsletter l March 2017

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

  • EBA publishes final draft RTS on Strong
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Posted in e-commerce, Policy & Regulation, Technology

Hogan Lovells Global Payments Newsletter l February 2017

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

  • HM Treasury consults on PSD2 implementation: the
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Posted in e-commerce, Policy & Regulation, Technology Emily Reid

Webinar recording – UK PSD2 implementation

HM Treasury published a consultation paper and draft Payment Services Regulations 2017 for a short 6 week consultation period ending on 16 March 2017.

The consultation paper states that the Government aims to finalise and lay the final implementing legislation in Parliament in ‘early 2017 to provide industry with as much time as possible to adjust to any changes required’.… Continue Reading

Posted in e-commerce, Policy & Regulation, Technology

Hogan Lovells Global Payments Newsletter l January 2017

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

  • EBA consults on guidelines on security reporting:
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Posted in e-commerce, Policy & Regulation, Technology Federico Hernández Arroyo

Cryptocurrencies prompt contrasting reactions by Latin American regulators

While used by organized crime, cryptocurrencies are also becoming accepted as a legitimate payment method by mainstream sectors of the economy in Latin America. Currently, some stores, start-ups, restaurants, hotels, and other online businesses are accepting Bitcoin and other cryptocurrencies as a valid payment method. Online exchange platforms are emerging rapidly and even ATMs have been installed to carry out … Continue Reading

Posted in e-commerce, Policy & Regulation, Technology

Hogan Lovells Global Payments Newsletter l December 2016

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

  • PSF Strategy launch: the Strategy aims to
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Posted in e-commerce, Policy & Regulation, Technology

Hogan Lovells Global Payments Newsletter l November 2016

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

  • UK PSR policy statement on IFR guidance
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Posted in e-commerce Adrian EmchAndy Huang

Chinese payment encryption device suppliers fined for participation in government-orchestrated cartel

On 4 November 2016, the State Administration for Industry and Commerce (“SAIC“) – one of China’s antitrust authorities – published on its website three decisions, whereby three payment encryption device suppliers were fined by SAIC’s branch in Anhui Province (“Anhui AIC“).  Payment encryption devices are used by bank customers to protect the security of payments
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Posted in e-commerce, Policy & Regulation, Technology

Hogan Lovells Global Payments Newsletter l September 2016

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

  • Real time gross settlement system: The Bank
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Posted in e-commerce, Internet, Policy & Regulation

Hogan Lovells Global Payments Newsletter l July 2016

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

  • Super-lobby group planned: The British Bankers’ Association,
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Posted in e-commerce, Internet, Policy & Regulation

Hogan Lovells Global Payments Newsletter l June 2016

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

  • Round Two: With phase 2 of the
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Posted in e-commerce Lewis Cohen

Hogan Lovells and SFIG get to grips with the structured finance blockchain

Chances are, at some point you’ve heard of the blockchain, or perhaps at least Bitcoin.  It’s an increasingly hot topic as more and more attention is being paid to digital currency.  The blockchain is what makes Bitcoin, and other similar transactions involving digital currencies, viable.  Simply put, a blockchain is a time-stamped and linked shared digital ledger of transactions, accessible … Continue Reading

Posted in e-commerce, Internet, Policy & Regulation

Hogan Lovells Global Payments Newsletter l May 2016

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

  • Branchless banks: Mobile-only start up Atom Bank
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Posted in e-commerce, Internet, Policy & Regulation

Hogan Lovells Global Payments Newsletter l April 2016

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

  • Contactless usage soars: the UK Cards Association
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Posted in e-commerce Mark ParsonsRoy Zou

China regulates online payment business of non-bank players

China’s online payment market is growing at breakneck speed. In the first three quarters of 2015, the total volume of online transactions processed by payment institutions exceeded RMB 56 billion, and the monetary value of transactions reached close to RMB 3.3 trillion.

But these impressive figures have come with significant “growing pains” in the industry, as the quality of some Continue Reading

Posted in e-commerce Justin TongAlly Smith

TMT2020: Instant Gratification – the Rise of Fintech and Real-time Payments in Singapore

EDITOR’S NOTE:  We are excited to present this entry in our new TMT2020 series, which reflects the key technology, media, and telecoms legal issues that are expected to impact today’s organizations and tomorrow’s marketplace.  It also provides an opportunity to highlight contributions by TMT associates across our global offices and practice areas. 

Real-time payments have become an increasingly common way … Continue Reading

Posted in e-commerce, Internet, Policy & Regulation

Hogan Lovells Global Payments Newsletter l December 2015 – January 2016

Hogan Lovells has recently published the January 2016 edition of its Global Payments Newsletter containing the latest updates on payment technology and policy-related developments from around the world. Key developments of interest over the last two months include:

  • 1st XI: US Government sale of over 44,000 Silk Road bitcoins attracts just 11 bidders;
  • Kerching!: Diebold, the US ATM manufacturer, agrees
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Posted in Policy & Regulation

Hogan Lovells Global Payments Newsletter l October 2015

Hogan Lovells has recently published the October edition of its Global Payments Newsletter containing the latest updates on payment technology and policy-related developments from around the world. Notable items include:

  • The EU Parliament has voted to approve the latest text of the Payment Services Directive 2. The final stage in the approval process is the adoption by Member States which
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Posted in e-commerce, Internet, Policy & Regulation

Hogan Lovells Global Payments Newsletter l September 2015

Hogan Lovells has just published the September edition of its Global Payments Newsletter containing the latest updates on payment technology and policy-related developments from around the world. Notable items in the September edition include:

  • the FCA’s report on the treatment of customers who suffer unauthorised payment transactions;
  • the launch of a survey on indirect access to payment systems by the
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Posted in Internet, Policy & Regulation

Hogan Lovells Global Payments Newsletter l July 2015

Hogan Lovells has just published the July edition of its Global Payments Newsletter containing the latest updates on payment technology and policy-related developments from around the world. Notable items in the July edition include:

  • The publication of the final compromise text of the Payment Services Directive 2, and the publication of various stakeholder opinions on the text;
  • HM Treasury’s consultation
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Posted in Internet, Policy & Regulation

Hogan Lovells Global Payments Newsletter l June 2015

Hogan Lovells has just published the June edition of its Global Payments Newsletter containing the latest updates on payment technology and policy-related developments from around the world. Notable items in the June edition include:

The UK being one of three EU countries indicating that they will not adopt EBA guidance on the security of payments on the internet;

  • China opening
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Posted in Internet, Policy & Regulation

Hogan Lovells Global Payments Newsletter l May 2015

Hogan Lovells has just published the May edition of its Global Payments Newsletter containing the latest updates on payment technology and policy-related developments from around the world. Notable items in the May edition include:

  • An update on the progress made by the EU in developing payments and anti-money laundering regulations;
  • The opening of a Bitcoin exchange in the UK by
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Posted in Internet, Policy & Regulation

Hogan Lovells Global Payments Newsletter l April 2015

Hogan Lovells has just published the April edition of its Global Payments Newsletter containing the latest updates on payment technology and policy-related developments from around the world. Notable items in the April edition include:

  • the establishment of the Payments Systems Regulator in the UK to promote competition and innovation in payment systems;
  • the development of biometric facial recognition technology by
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