The Law and Regulation of Payment Services A Comparative Study


There is a widespread demand among businesses for more convenient and reliable international payment products, and inevitably this has led to calls for more predictable and consistent regulation of these products, especially in the light of such innovations as online payments and stored value cards. Recognizing that recurring risks tend to be dealt with in similar ways by most legal regimes, this study the first of its kind draws on a detailed analysis of the strengths and weaknesses of existing regimes to develop an international model which incorporates both the legal elements and their practical application. In building his model, the author addresses the fundamental questions in the law of payment services: Who bears t

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