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Rouse Frets White Goss Payments Group Shows International Reach with Favorable Ruling in UK

Kansas City, Mo. – May 28, 2024: Rouse Frets White Goss attorneys assisted clients in securing a favorable ruling by the Financial Conduct Authority (FCA) in the United Kingdom regarding the application of the Limited Network Exemption (LNE) to the Payment Services Regulations governing the sale and use of electronic payment instruments in the United Kingdom.

The favorable ruling tested the limits of the LNE with respect to European closed-loop gift cards that are redeemable online at a single location in the context of a marketplace of multiple unaffiliated retailers with products in the same sector.

About the firm’s Payments group: The firm’s Payments and Prepaid Instruments group has a practice focused upon compliance with regulations governing the prepaid card industry, including consumer protection laws, unclaimed property laws, anti-money laundering regulations, licensing requirements, privacy rules, local taxation laws, and GAAP standards. The team’s work has touched billions of prepaid cards. Their work includes supporting clients and their professionals in international settings including Canada, South America, Europe, Asia, and Australia. The group’s direct work has touched more than 25 countries.

About the firm: 

Rouse Frets White Goss Gentile Rhodes deploys skilled and client-focused practice groups to engineer favorable solutions in efficient and effective ways.  

Choice of an attorney is an important decision and should not be based solely upon a website or advertisements. In reviewing achievements by the law firm or its attorneys, remember that past results afford no guarantee of future results; each matter is different and must be judged on its own merits. Although our lawyers may practice in subject areas, neither the Supreme Court of Missouri nor The Missouri Bar reviews or approves certifying organizations or specialty designations for Missouri licensed attorneys.