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Global Payments Newsletter, July 2021 | Hogan Lovells

Europe: EBA consults on proposed guidelines on limited network exclusion under PSD2
On 15 July 2021, the EBA published a consultation paper (EBA/CP/2021/28) proposing guidelines on the limited network exclusion (LNE) under PSD2.
The EBA explains that Article 3(k) of PSD2 introduced an exclusion for services based on specific payment instruments that can be used only in a limited way. It believes that the implementation and application of the LNE requirements diverges significantly between member states, which impedes the single market for payment services in the EU and creates opportunities for regulatory arbitrage. The EBA also believes that consumers are sometimes unaware that they do not benefit from the protection envisaged under PSD2. ....

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ARK7 launches Reg A+ platform with Dalmore Group
Dalmore Group welcomes ARK7, a newplayer in the rapidly expanding RegA+ series issuer arena, delivering astock-like real-estate investmentplatform which allows anyone over the .
Nationally Recognized Rest App That Launched the Scientific Sleep Phenomenon Opens to Crowdfunding Investors
Restflix, a science-backed streamingservice designed for better anddeeper sleep, has officially .
Dalmore Group Teams with Global Wine Marketplace Vinsent for Direct Reg CF Offering
Veteran Reg A+ Broker-Dealer DalmoreGroup announced the Reg CF launch ofVinsent, a company that is working toenhance the wine industry ecosystem .
Pakt Bags, Inc. Launches Investment Campaign to Expand Line of Exceptional Travel Products, raising up to $1.07M ....

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Pay.UK Releases Technical Info for Entities Aiming to Implement ISO 20022, and Transition to Improved Retail Payments

Pay.UK Releases Technical Info for Entities Aiming to Implement ISO 20022, and Transition to Improved Retail Payments
The
New Payments Architecture (NPA) will aim to offer various benefits for businesses and personal clients residing in the United Kingdom, which may assist with improving the way they control their professional and personal transactions while creating more innovation opportunities.
The adoption of the ISO 20022 standard, not only in the UK but internationally, will have a significant impact on the data handling capability of payment providers, transforming the way we carry out payments and transfer financial details.
The updated standard enables enhanced data exchange; richer information via an improved quality and quantity of data – which can result in new benefits and opportunities for innovation in the payments space and other areas. ....

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Payments regulatory news, July 2021 | Hogan Lovells

Payments regulatory news, July 2021 | Hogan Lovells
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SurePay appoints two senior hires from NatWest and Kyriba in the UK

SurePay appoints two senior hires from NatWest and Kyriba in the UK
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