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The unfair terms prohibition in Article 5.52 of the new Civil Code and financial services in a B2B context: balancing fairness with legal certainty

Corporate Finance Lab

Before that, the B2B and B2C legislation had already introduced a similar prohibition, but financial services had been (partially) exempted. Such exemption for financial services, however, does not appear in the new Civil Code. of the new Civil Code, the B2B and the B2C regime. Unfair terms: Article 5.52 Article 5.52

B2B 89
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Why Visa Brought Earthport Into Its Orbit

PYMNTS

The acquisition, Bill Sheley, head of global push payments at Visa , told Karen Webster, helps move Visa “beyond the card” and, writ large, helps the payments giant to embrace a “two-account disbursement model.” … We can be the network of networks with interconnection between all of the financial systems across the globe,” Sheley said.

B2C 74
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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. On its website, TCH also says RTP is the system that “all federally insured U.S.

Banking 80
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What B2B Payments Providers Get Right — And What Still Needs Work

PYMNTS

However, accounts payable (AP) service providers have more on their plate than simply making it easier for companies to pay their invoices digitally. Scott noted that one of the biggest reasons why is service providers’ failure to adequately address vendors’ needs in the accounts receivable department.

B2B 40
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How Data Will Speed The Move To Cashless Payments

PYMNTS

That’s especially true for corporate and B2C transactions, he said. He pointed to ISO 20022, a universal financial industry messaging scheme that can work with current financial system infrastructures and hasten the development of new ones. (As The insurer immediately offers a reimbursement amount.

B2C 86
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On The Hill, Banking’s Biggest Get Grilled

PYMNTS

House Committee on Financial Services. After all, the hearing was titled “Holding Megabanks Accountable: A Review of Global, Systemically Important Banks 10 years after the Financial Crisis.”. Financial reform has been top of mind for the newly installed Democratic majority in the House.

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On The Hill, Banking’s Biggest Get Grilled

PYMNTS

House Committee on Financial Services. After all, the hearing was titled “Holding Megabanks Accountable: A Review of Global, Systemically Important Banks 10 years after the Financial Crisis.”. Financial reform has been top of mind for the newly installed Democratic majority in the House.