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Practice Areas

Payment services

ARAMIS acts on behalf of several key players and new players in the payments industry, in relation to regulatory matters such as payments services, e-money, anti-money laundering, and more generally, banking regulations. We assist our client on payment and credit cards projects, prepaid cards, gift cards and vouchers, boxes, and generally e-payment solutions. The assistance of ARAMIS typically includes regulatory advice (including in the context of the SEPA) and contracts negotiation. We are in regular contact with the Banque de France, as well as national and international payment associations.

Track record

Regulation

  • Acting as local counsel to an international banking group, in the context of a multi-jurisdiction prepaid cards program, including advice on payment services, e-money, anti-money laundering, distance selling of financial services, data protection
  • Advice to a leading company in the field of online payments licensed in Luxembourg. Legal work in relation to French regulatory matters on canvassing
  • Advice to a major French bank for the launch of the first Visa ?private label? card in France
  • Advice to a distribution network involving 35,000 selling points for the distribution of the e-money issued by PaySafeCard, a licensed provider in the United Kingdom
  • Advice to an international payment network for the analysis of the current and prospective regulation in relation to payment services, e-money and its impact on cards products
  • Regulatory advice to a provider licensed as an electronic money institution in the United Kingdom for the launch of its activities in France


Contracts

  • Advice to First Data Corporation in negotiations with Société Générale in the context of a framework agreement concerning banking data processing over 20 countries
  • Regular assistance of Limonetik for its partnership agreements, general conditions of use, web ranking etc.
  • Regular advice to a French player in the field of prepaid vouchers for the setting up of affiliation agreements within a commercial partners network, general conditions, a distribution network, etc.
  • Advice to an international payment network for the negotiation and drafting of a full contractual documentation for the setting up of an IT platform processing e-payments and m-payments