News & Analysis as of

Licensing Rules Exemptions Payment Systems

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

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

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