Payments Law Group
Few areas of the financial services industry are as important or as dynamic as payment services - efficient and reliable exchanges of value are integral to the continuing success and competitive edge of highly-developed economies. Yet, it is only relatively recently that legislators and policy-makers have given prominence to this vital area.
Whether you are an established player or a new entrant looking to capitalise on the opportunities that are now available, you will need the support of legal professionals that can guide you through the increasingly complex laws impacting upon your industry and help you achieve your aims. You may be looking for advice on your outsourcing arrangements, your customer contracts, distance marketing or other e-commerce issues or your regulatory obligations - we can help on these and other matters essential to your business.
“Amongst the rest of the team, interviewees identified Mark Evans as a 'high-quality' individual who has made his name as a clearance system specialist.”
We do not just interpret the law. Our role is also to influence the shape of payments legislation and regulation. Our cross-disciplinary expertise and market-leading position has given us access to the UK Treasury, the Bank of England, the FSA, the European Commission and the European Central Bank - we have a close understanding of how they think and work, although we do not always agree with them.
Travers Smith's award-winning Payments Law Group, headed up by Partner Mark Evans, has substantial and wide-ranging expertise in assisting banks, electronic money institutions, central securities depositories and other payment service providers establish and develop their products and services in this fast-moving market. We advise, amongst others, CREST, Euroclear, Western Union, First Data Corporation, Speedpay, FEXCO, Angelo Costa and National Central Banks.