Electronic payments
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Electronic payments

Reference Number: EUIPO, Press Release Issue Date: Nov 22, 2021
 
Challenges and good practices for electronic payment services to prevent the use of their services for intellectual property-infringing activities

The electronic payment ecosystem is complex and changing fast. In addition to the different payment cards, the development of internet and mobile payments, digital money transfers, and electronic currencies give rise to new services and new types of payment intermediaries.

Intellectual property-right infringers engaging in the sale of counterfeit goods or providing services for pirated content depend on various payment services for their activities. They increasingly engage in sophisticated uses of different payment services to undermine the investigative measures used to establish the illegal nature of their activities and to make the flow of funds more complicated to trace.

This discussion paper identifies a number of emerging trends and challenges that electronic payment service providers, intellectual property owners, and law enforcement authorities are facing in counteracting the misuse of payment services for IP-infringing activities. Most importantly, it identifies existing good practices from electronic payment services providers that are seeking ways to limit the risks of their services being misused for such activities.

 

Please click here​ for the full report.