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	<title>Payment Services Law Blog | GÖRG Blog RSS Feed</title>
	<link>http://payment-law.eu/en/rss/</link>
	<description></description>
	<pubDate>Sat, 04 Apr 2026 09:08:37 +0200</pubDate>
	<copyright>© 2026 GÖRG</copyright>
	<ttl>60</ttl>
	<item>
		<title>Agentic Payments</title>
		<description><![CDATA[Agentic Payments

When Agents pay ...

A few thoughts on this interesting topic in my presentation for the EPSM regulatory working group meeting on January 14, 2026]]></description>
		<link>http://payment-law.eu/en/articles/agentic-payments/</link>

	<guid>http://payment-law.eu/en/articles/agentic-payments/</guid>
	</item>
	<item>
		<title>Zukunftsfinanzierungsgesetz in Kraft getreten – Regelungen für Zahlungsinstitute</title>
		<description><![CDATA[]]></description>
		<link>http://payment-law.eu/en/articles/future-financing-act-entered-into-force-regulations-for-payment-institutions/</link>

	<guid>http://payment-law.eu/en/articles/future-financing-act-entered-into-force-regulations-for-payment-institutions/</guid>
	</item>
	<item>
		<title>Distributed Ledger Technology in the “Sandbox”- Today (22. June 2022) the EU-DLT pilot regime enters into force.</title>
		<description><![CDATA[When creating the legal framework for regulations in the financial sector, the European legislator had primarily traditional financial services in mind. As a result, novel technologies and products, in particular distributed ledger technologies ("DLT") and crypto-assets, are not satisfactorily regulated.

On the one hand, this may have the effect of unnecessarily hampering innovation in finance, and on the other hand, novel developments may pose previously unknown risks.

Therefore, as part of the Digital Finance Package, in order to promote digital finance, the EU legislator adopted Regulation (EU) 2022/858 of 30 May 2022 on a pilot regime for market infrastructures based on distributed ledger technology (DLT pilot regime), which was published in the Official Journal of the European Union on 02 June 2022, which enters into force today (22. June 2022) and which will apply as of 23 March 2023.]]></description>
		<link>http://payment-law.eu/en/articles/distributed-ledger-technology-in-the-sandbox-today-22-june-2022-the-eu-dlt-pilot-regime-enters-into-force/</link>

	<guid>http://payment-law.eu/en/articles/distributed-ledger-technology-in-the-sandbox-today-22-june-2022-the-eu-dlt-pilot-regime-enters-into-force/</guid>
	</item>
	<item>
		<title>EU Retail Payment Strategy</title>
		<description><![CDATA[]]></description>
		<link>http://payment-law.eu/en/articles/eu-retail-payment-strategy/</link>

	<guid>http://payment-law.eu/en/articles/eu-retail-payment-strategy/</guid>
	</item>
	<item>
		<title>EBA publishes Q&amp;A on Merchant Initiated Card Transactions – The end of PSD2 nightmares of PayPal, Amazon, Xing, car rental agencies and hotels?</title>
		<description><![CDATA[On 1st of March, the European Banking Authority (EBA) published an answer to a question which had been submitted by the card schemes. What impact will this have on the various use cases or the liability of the card issuer and how does BaFin view this?]]></description>
		<link>http://payment-law.eu/en/articles/eba-q-and-a-on-merchant-initiated-card-transactions-end-of-psd2-nightmares-paypal-amazon-xing-car-rental-agencies/</link>

	<guid>http://payment-law.eu/en/articles/eba-q-and-a-on-merchant-initiated-card-transactions-end-of-psd2-nightmares-paypal-amazon-xing-car-rental-agencies/</guid>
	</item>
	<item>
		<title>ICOs and Crypto-Assets – EBA Report and ESMA Advice</title>
		<description><![CDATA[The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published their reports on ICOs and Crypto-Assets on 9 January 2018 (EBA Report and ESMA Advice). Both EU authorities highlight issues relating to the current EU regulatory framework and call for an EU-wide approach to ICO and Crypto-Asset regulation.]]></description>
		<link>http://payment-law.eu/en/articles/icos-and-crypto-assets-eba-report-and-esma-advice/</link>

	<guid>http://payment-law.eu/en/articles/icos-and-crypto-assets-eba-report-and-esma-advice/</guid>
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	<item>
		<title>FATF prepares global guidelines for crypto currencies</title>
		<description><![CDATA[Our previous articles showed the influence of national and european legislation on virtual currencies, however only being a partial area of the payment business. Here is also an example of international influence: The Financial Action Task Force (FATF) published a statement on 19th October. The FATF plans the progressive publication of guidelines for the supervision and control of virtual asset service providers.]]></description>
		<link>http://payment-law.eu/en/articles/fatf-prepares-global-guidelines-for-crypto-currencies/</link>

	<guid>http://payment-law.eu/en/articles/fatf-prepares-global-guidelines-for-crypto-currencies/</guid>
	</item>
	<item>
		<title>BaFin circular on virtual currencies</title>
		<description><![CDATA[A new circular by BaFin addresses BaFin’s concerns to financial institutions regarding AML-Compliance in connection with virtual currencies. The circular also indicates BaFin’s view regarding a license requirement for cryptoexchange platforms upon the „Bitcoin-ruling“.]]></description>
		<link>http://payment-law.eu/en/articles/bafin-circular-on-virtual-currencies/</link>

	<guid>http://payment-law.eu/en/articles/bafin-circular-on-virtual-currencies/</guid>
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	<item>
		<title>New Rules for Outsourcing by Banks, Payment Institutions and other institutions</title>
		<description><![CDATA[The European Banking Authority (EBA) published a draft of the EBA Guidelines on Outsourcing and launched a public consultation. The consultation period closed on 24 September 2018. The new Guidelines are planned to enter into force on 30 June 2019 and will add further provisions and regulations with regard to outsourcing arrangements.]]></description>
		<link>http://payment-law.eu/en/articles/new-rules-for-outsourcing-by-banks-payment-institutions-and-other-institutions/</link>

	<guid>http://payment-law.eu/en/articles/new-rules-for-outsourcing-by-banks-payment-institutions-and-other-institutions/</guid>
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	<item>
		<title>European Commission - enhancing European AML supervision by strengthening EBA?</title>
		<description><![CDATA[The European Commission envisages to fight money laundering terrorist financing more effectively by implementing an overall European strategy. EBA shall be strenghtened and able to supervise the EU member states and financial institutions in the EU.]]></description>
		<link>http://payment-law.eu/en/articles/european-commission-enhancing-european-aml-supervision-by-strengthening-eba/</link>

	<guid>http://payment-law.eu/en/articles/european-commission-enhancing-european-aml-supervision-by-strengthening-eba/</guid>
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	<item>
		<title>Opinion of EBA on the interpretation of RTS on strong customer authentication published</title>
		<description><![CDATA[On 13 June 2018 EBA has published an opinion on the interpretation of regulatory technical standards (RTS) on strong customer authentication (SCA) and common and secure communication. The opinion clarifies some open questions on the interpretation of the RTS.]]></description>
		<link>http://payment-law.eu/en/articles/opinion-of-eba-on-the-interpretation-of-rts-on-strong-customer-authentication-published/</link>

	<guid>http://payment-law.eu/en/articles/opinion-of-eba-on-the-interpretation-of-rts-on-strong-customer-authentication-published/</guid>
	</item>
	<item>
		<title>Central contact points under PSD2 and 4AMLD in Germany</title>
		<description><![CDATA[The second payment services directive (Directive (EU) 2015/2366, “PSD2”) as well as well as the fourth anti-money laundering directive (Directive (EU) 2015/849, “4AMLD”) gives EU member states’ (“Host Member State”) authorities the competence to require those payment service providers or e-money issuers having its head office in another EU member state and acting in the territory of that Host Member State in forms other than a branch to appoint a central contact point in the territory of that Host Member State. The appointment of such central contact point and the obligations connected with such appointment might have a significant impact on the provision of payment services or e-money business under the provisions of the European Passport.]]></description>
		<link>http://payment-law.eu/en/articles/central-contact-points-under-psd2-and-4amld-in-germany/</link>

	<guid>http://payment-law.eu/en/articles/central-contact-points-under-psd2-and-4amld-in-germany/</guid>
	</item>
	<item>
		<title>PSD2 RTS for strong customer authentication and common and secure open standards of communication published</title>
		<description><![CDATA[What are the practical implications? What does it mean that the RTS are now in force? And isn’t PSD2 already in force since 13 January 2018?]]></description>
		<link>http://payment-law.eu/en/articles/psd2-rts-for-strong-customer-authentication-and-common-and-secure-open-standards-of-communication-published/</link>

	<guid>http://payment-law.eu/en/articles/psd2-rts-for-strong-customer-authentication-and-common-and-secure-open-standards-of-communication-published/</guid>
	</item>
	<item>
		<title>Cap on EU Interchange fees – New Regulation published</title>
		<description><![CDATA[On 19 May 2015, the European Union has taken the last step towards capped interchange fees for card-based payment transactions by publishing Regulation (EU) 2015/751. The Regulation follows a number of antitrust investigations into MasterCard’s and Visa’s multilateral inter-change fee (MIF) by the European Commission and national competition authorities (such as in Germany, France, UK, Italy and Poland).]]></description>
		<link>http://payment-law.eu/en/articles/cap-on-eu-interchange-fees-new-regulation-published/</link>

	<guid>http://payment-law.eu/en/articles/cap-on-eu-interchange-fees-new-regulation-published/</guid>
	</item>
	<item>
		<title>Application in UK of EBA Guidelines on Security of Internet Payments</title>
		<description><![CDATA[On 2 April 2015, the FCA published a statement on its website as follows:

Security of Internet Payments – EBA Guidelines

The European Banking Authority (EBA) has published its final Guidelines on the Security of Internet Payments. We are fully supportive of the objectives behind the Guidelines and agree with the importance of consumers being protected against fraud when making payments online. Ensuring the security of payments and the protection of sensitive customer data is a critical part of the infrastructure of robust payment systems.]]></description>
		<link>http://payment-law.eu/en/articles/application-in-uk-of-eba-guidelines-on-security-of-internet-payments/</link>

	<guid>http://payment-law.eu/en/articles/application-in-uk-of-eba-guidelines-on-security-of-internet-payments/</guid>
	</item>
	<item>
		<title>Consultation launched on the security of internet payments</title>
		<description><![CDATA[The European Banking Authority (‘EBA’) published a consultation paper in October on the implementation of its Guidelines on the security of internet payments, developed in conjunction with the European Central Bank (‘ECB’), with the basis of much of the Guidelines stemming from recommendations put forward by the European Forum for the Security of Retail Payments. Dr. Matthias Terlau and Dr. Daniel Walter of Osborne Clarke discuss what is expected of payment service providers in the context of the proposed Guidelines.]]></description>
		<link>http://payment-law.eu/en/articles/consultation-launched-on-the-security-of-internet-payments/</link>

	<guid>http://payment-law.eu/en/articles/consultation-launched-on-the-security-of-internet-payments/</guid>
	</item>
	<item>
		<title>BITKOM&apos;s position paper on the recent EBA consultation regarding internet payment security</title>
		<description><![CDATA[The German Association for Information Technology, Telecommunications and New Media (BITKOM) published a position paper on the consultation for the security of internet payments. In the statement BITKOM comments on the consultations of the EBA.]]></description>
		<link>http://payment-law.eu/en/articles/bitkoms-position-paper-on-the-recent-eba-consultation-regarding-internet-payment-security/</link>

	<guid>http://payment-law.eu/en/articles/bitkoms-position-paper-on-the-recent-eba-consultation-regarding-internet-payment-security/</guid>
	</item>
	<item>
		<title>The EBA’s and the ECB’s recent move to step up cooperation in making retail payments safer</title>
		<description><![CDATA[The European Banking Authority (‘EBA’) published a consultation paper on the implementation of its Guidelines on the security of internet payments, the output of work undertaken in conjunction with the European Central Bank (‘ECB’), with the basis of much of the guidelines being work by the European Forum for the Security of Retail Payments. The EBA expects these proposed guidelines to enter into force in August 2015. Dr. Matthias Terlau and Dr. Daniel Walter of Osborne Clarke discuss the compliance expectations for payment service providers and analyse the critical aspects of the proposed guidelines.]]></description>
		<link>http://payment-law.eu/en/articles/the-ebas-and-the-ecbs-recent-move-to-step-up-cooperation-in-making-retail-payments-safer/</link>

	<guid>http://payment-law.eu/en/articles/the-ebas-and-the-ecbs-recent-move-to-step-up-cooperation-in-making-retail-payments-safer/</guid>
	</item>
	<item>
		<title>Strong Customer Authentification under PSD2 and SecuRe Pay Internet</title>
		<description><![CDATA[Both, EU Commission and ECB are particularly engaged to make internet payments more secure. The ECB formed a forum of European central banks and supervisory authorities, called SecuRe Pay, to discuss and eventually agree on a set of rules for the enhancing of security of internet payments, one of the most important of such rules being the strong customer authentification when making internet payments or accessing payment data. The rules were finally issued as recommendations of the ECB in January 2014.
The EU Commission included in July 2014 the same basic rule on strong customer authentification within its proposal for a Second Payment Services Directive (PSD2).]]></description>
		<link>http://payment-law.eu/en/articles/strong-customer-authentification-under-psd2-and-secure-pay-internet/</link>

	<guid>http://payment-law.eu/en/articles/strong-customer-authentification-under-psd2-and-secure-pay-internet/</guid>
	</item>
	<item>
		<title>German Federal Financial Supervisory Authority (BaFin) publishes guidance on Bitcoins</title>
		<description><![CDATA[Following recent legal developments regarding Bitcoins, such as the US court decisions in the cases of “Bitcoin Foundation” and “Trendon Savers &amp; Bitcoin Savings Trust”, a US Congress hearing on Bitcoins, the prohibition of the receipt of Bitcoins by financial service providers in China as well as the warnings issued by the French National Bank and the European Financial Supervisory Authority, the German Federal Financial Supervisory Authority (BaFin) has also issued a circular on Bitcoins on 19 December 2013 in order to clarify potential risks for con-sumers as well as authorisation requirements for Bitcoin traders and online platforms.]]></description>
		<link>http://payment-law.eu/en/articles/german-federal-financial-supervisory-authority-bafin-publishes-guidance-on-bitcoins/</link>

	<guid>http://payment-law.eu/en/articles/german-federal-financial-supervisory-authority-bafin-publishes-guidance-on-bitcoins/</guid>
	</item>
	<item>
		<title>PSD2 – Lieferheld &amp; Co – No more handling of payments by eCommerce platforms?</title>
		<description><![CDATA[As is generally known, the supervisory authorities have had to decide on numerous negative clearances regarding eCommerce platforms over the past two years. These were – in their own understandable interest – intending to collect payments from end-consumers for vendors of goods and services offered on the platform. In most cases these companies were relying on an exemption from the authorisation requirement created by PSD1 which applied to payment transactions through a commercial agent authorised to negotiate or conclude the sale or purchase of goods or services on behalf of the payer or the payee. On 24th of July 2013 the European Commission published a proposal for a new Directive on payment services in the internal market (PSD2), in which the Commission argues for a stricter assessment of such exception rule.]]></description>
		<link>http://payment-law.eu/en/articles/psd2-lieferheld-and-co-no-more-handling-of-payments-by-ecommerce-platforms/</link>

	<guid>http://payment-law.eu/en/articles/psd2-lieferheld-and-co-no-more-handling-of-payments-by-ecommerce-platforms/</guid>
	</item>
	<item>
		<title>PSD2 – Future authorisation requirements for department store cards, gift vouchers, petrol cards and stadium cards? The new limited network exception</title>
		<description><![CDATA[On 24th of July 2013 the European Commission published a proposal for a new Directive on payment services in the internal market (PSD2), repealing the previous payment services Directive from 13th of November 2007 (2007/64/EC – PSD1). Within the framework of PSD2 the Commission has closely reviewed the exception for limited networks. was considered necessary due to the increasing application of the exception to large networks with high payment volumes and a broad spectrum of goods and services extending beyond the purpose of the exception, and thus leading to large payment volumes being outside of regulation and creating a disadvantage in competition for players in regulated markets.]]></description>
		<link>http://payment-law.eu/en/articles/psd2-future-authorisation-requirements-for-department-store-cards-gift-vouchers-petrol-cards-and-stadium-cards-the-new-limited/</link>

	<guid>http://payment-law.eu/en/articles/psd2-future-authorisation-requirements-for-department-store-cards-gift-vouchers-petrol-cards-and-stadium-cards-the-new-limited/</guid>
	</item>
	<item>
		<title>PSD2 - Third party payment service providers: What effect does PSD2 have on services such as Sofort, IDeal and Trustly?</title>
		<description><![CDATA[On 24th of July 2013 the European Commission published a proposal for a new Directive on payment services in the internal market (PSD2), repealing the previous payment services Directive from 13th of November 2007 (2007/64/EC – PSD1). The draft creates, among numerous other proposals, a new category of institutions requiring authorisation. The provision predominantly targets services such as German Sofort Überweisung, Dutch iDeal or Swedish Trustly.]]></description>
		<link>http://payment-law.eu/en/articles/psd2-third-party-payment-service-providers-what-effect-on-services-sofort-ideal-and-trustly/</link>

	<guid>http://payment-law.eu/en/articles/psd2-third-party-payment-service-providers-what-effect-on-services-sofort-ideal-and-trustly/</guid>
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