News & Analysis as of

Licensing Rules Payment Systems

Orrick, Herrington & Sutcliffe LLP

Massachusetts enacts a new act on money transmission

Recently, the Governor of Massachusetts signed into law H.4840 creating Chapter 169B: The Money Transmission Act. The Act is designed to regulate money transmission especially through payment apps. The bill repeals...more

Goodwin

Massachusetts Amends State Money Transmission Law to Apply to Domestic Transactions and Stored Value

Goodwin on

On January 1, 2025, Massachusetts Gov. Maura Healey approved House Bill No. 4840, which repeals and replaces Massachusetts’ money transmission law with a revised law (MTL Law), which is based in part on the model Money...more

Barnea Jaffa Lande & Co.

Regulated payment services and financial services in Israel – summary and outlook for 2025

2024 was characterized by a multitude of regulatory directives to payment companies and to payment initiation companies as part of the preparations for the licensing obligation that came into effect in June 2024. This year...more

Ankura

Legal Disputes in the Digital Content and Streaming Industry: Challenges and Solutions

Ankura on

The digital content and streaming industry has transformed media consumption, offering instant access to a vast array of content. However, this rapid evolution has also led to numerous legal disputes. In this article, we...more

Barnea Jaffa Lande & Co.

Regulation of Payment Services Law Comes into Effect

On June 6, 2024, the Regulation of Payment Services and Payment Initiation Law came into effect. Relevant entities may now submit license applications for providing payment and payment initiation services....more

Latham & Watkins LLP

SAMA Updates Payment Services Provider Licensing Regime in KSA

Latham & Watkins LLP on

The updates are part of SAMA’s efforts to promote an innovation-based financial technology ecosystem in the KSA. Key Points: ..Resubmission of a refused PSPR license application will only be accepted nine months after...more

Latham & Watkins LLP

Singapore’s PSA Boosts Rapidly Evolving Payment Services Landscape

Latham & Watkins LLP on

Upgraded legislation creates an enhanced regulatory framework for the new age of payments, including e-money and digital payment tokens.  After much anticipation, and following consultations with the industry at large, the...more

Hudson Cook, LLP

Current Developments in Bank Deposits and Payment Systems (Spring 2019)

Hudson Cook, LLP on

This survey summarizes several recent developments affecting bank deposits and payment systems. The U.S. department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued new guidance concerning the customer...more

BCLP

Two More States Set to Make Agent of Payee Exemption to Money Transmitter Laws Effective

BCLP on

Today, Michigan's "agent of payee" exemption to its money transmitter law is effective and West Virginia also passed an agent of payee exemption earlier this month that will be effective soon. These developments are part of a...more

Latham & Watkins LLP

United Arab Emirates – the New Digital Payments Regulatory Landscape

Latham & Watkins LLP on

New Regulations balance innovation in the payments sector with safety, security and maintaining the public’s trust in the UAE payment ecosystem. After a long period of consultation, on 1 January 2017 the Central Bank in...more

Latham & Watkins LLP

United Arab Emirates – the New Digital Payments Regulatory Landscape

Latham & Watkins LLP on

New Regulations balance innovation in the payments sector with safety, security and maintaining the public’s trust in the UAE payment ecosystem. After a long period of consultation, on 1 January 2017 the Central Bank in...more

11 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide