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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

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Flywire: ‘I Wish For Embedded Payments To Become Ubiquitous In 2021’

PYMNTS

Most of the examples we know of today are on the B2C side. That’s no surprise, given the pace of innovation in B2C versus B2B payments over the years. This enables overseas customers to be invoiced and to pay in their local currency while allowing the biller to reconcile those receivables in its financial system of record and currency.

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Blockchain Tries To Jolt B2B eCommerce Into The Digital Age

PYMNTS

Unlike B2C eCommerce, B2B transactions require heightened visibility within supply chains — the ability to move large sums of money at set times, generation and management of invoices, purchase orders, payment contracts and more. Betting On Blockchain. For Inxeption, one of the most promising innovations to achieve this leap is blockchain.

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Why Visa Brought Earthport Into Its Orbit

PYMNTS

… We can be the network of networks with interconnection between all of the financial systems across the globe,” Sheley said. High-value payments are going to be the supplier management systems between big companies and middle-market companies. Single Point Of Connection. That’s what we are driving [toward].

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SMEs Struggle To Find The Cash To Invest

PYMNTS

The statistics came from HM Revenue & Customs, which reported that, for a significant portion of SMEs in the nation, cash is still king — for both B2B and B2C payments. Luckily, the majority (54 percent) said most of their supplier payments are done via electronic rails.

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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

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

PYMNTS

ERP, accounting and other financial systems are migrating to the cloud, and with digitization now at the forefront, Scott said that businesses — particularly in the middle market — are ready to digitize their payments, too. .” But, he told PYMNTS, there are a few areas where the industry should perhaps reexamine its approach.

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