News & Analysis as of

New public consultation on mobile remote payments

We have been dealing with a number of issues related to mobile payments and data protection. At the beginning of the new year, the Italian Data Protection Authority (Garante per la protezione dei dati personali)...more

Mobile Apps Bill Introduced in the House of Representatives

Lawmakers in Washington, D.C., continue to show interest in understanding and developing regulatory proposals relating to mobile apps. The interest appears to be driven, at least in part, by policymakers’ concerns about...more

CPA issues Amendments to Electronic Data and Document Rules and Standards

The Canadian Payments Association has issued amendments to Automated Clearing and Settlement System (ACSS) Rules and Standards, which came into effect on April 22, 2013....more

FTC Recommends Stronger Safeguards for Mobile Payments

With the use of mobile payments by consumers reaching “fever pitch”, the FTC has released a new report entitled, “Paper, Plastic… or Mobile? An FTC Workshop on Mobile Payments,” discussing how companies can develop mobile...more

FTC Recommends Consumer Protections for Mobile Payment Industry

The Federal Trade Commission (FTC) has released a staff report on mobile payments, which identifies and makes recommendations for three key issues in the mobile payment industry that the FTC believes present consumer...more

Advertising Law - March 28, 2013

In This Issue: Marc Roth and Lindsay Conner to Serve as Faculty for PLI Information Technology Law Institute 2013; Data Security, Emerging Tech to Be Focus for FTC; Mobile Payment Services Subject of New FTC Report;...more

FTC Report on Mobile Payments

The Federal Trade Commission issued a report and recommendations for mobile payments called Paper, Plastic... or Mobile? An FTC Workshop on Mobile Payments, which is based on a workshop held by the Commission in 2012 to...more

Mortgage Banking Update - March 21, 2013

In This Issue: - Uniform State Test Implementation Nearing - Mortgage Servicer's Alleged Failure To Be Licensed Subjects Company to Claims under State and Federal Debt Collection Statutes - Sixth Circuit...more

FTC Issues Report on Mobile Payments

The Staff Report on mobile payments recently issued by the Federal Trade Commission (FTC) focuses on areas of concern discussed at the FTC’s April 2012 workshop. The report does not break much new ground, but it does...more

FTC Releases Report on Improving Consumer Protections in Mobile Payments; Recommends Financial, Privacy and Data Security...

On March 8, 2013 the Federal Trade Commission (“FTC”) released a Report on mobile payments that serves to follow up on the FTC’s April 2012 workshop on mobile payments, as well as to lay the groundwork for the application of...more

FTC Releases Report on Mobile Payments; Guidance on Addressing Issues in Mobile Carrier Billing, Privacy and Data Security

Earlier this month, the FTC released a Report highlighting some of the key issues in the mobile payments space, with particular focus on mobile carrier billing, privacy and data security, and international payments. The...more

TECHCOMM/FINANCIAL SERVICES CLIENT ALERT: FTC Releases Report Outlining Mobile Payment Concerns

On March 8, 2013, the Federal Trade Commission (FTC) released a staff report, entitled “Paper, Plastic…or Mobile? An FTC Workshop on Mobile Payments,” addressing its consumer protection concerns in the mobile payments area....more

FTC Staff Report Shines a Light on the Treacherous Road Ahead for Mobile Payments

Perhaps we are being cynical, but if we imagine the current conversation between consumers and the makers of mobile payment applications, it would be something along the lines of...more

Is Regulatory Uncertainty an Impediment to Mobile Payments?

The growth of the mobile payment device as a platform for electronic financial services points to increased regulations designed to address the allocation of risks between those who process and facilitate such transactions...more

The Retail Point Of Sale Goes Mobile

Mobile point-of-sale payment terminals have experienced explosive growth over the past year. Unlike a traditional point-of-sale terminal, a mobile terminal communicates wirelessly when processing payment cards. There are...more

Federal Reserve Bank of Boston Examines Security of Mobile Payment Technologies

The Federal Reserve Bank of Boston recently released a paper that examines how mobile payment technologies, chiefly NFC and cloud based technologies, address security of mobile payments at the point of sale....more

PCI Security Standards Council Issues Guidance for Mobile Payment Applications

The PCI Security Standards Council‘s (PCI-SSC) Emerging Technologies group recently issued guidance addressing security standards for mobile payment applications on consumer handheld devices. The new guidelines apply...more

Regulatory Perils in the Fast-Growth World of Mobile Payment Apps

“Paper or plastic? Or smartphone?” From buying groceries to concert tickets in our technology driven world, this could be the new catch phrase to describe your payment preference. Consumers purchase products daily:...more

Federal Trade Commission to host mobile payment workshop

Back in January, the FTC announced that it would hold a workshop to examine the use of mobile payments in the marketplace and the effects on consumers. As promised, the workshop has been scheduled for April 26th, with a link...more

House Subcommittee Investigates Mobile Payment Security and Regulation

The House Financial Services Subcommittee on Financial Institutions and Consumer Credit held a hearing on March 22, 2012 on “The Future of Money: How Mobile Payments Could Change Financial Services.” Four panelists...more

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