News & Analysis as of

Payment Systems Retailers

Kerr Russell

New Detroit Ordinance Prohibits Retailers From Refusing Cash Payments

Kerr Russell on

The cashless ban aims to support over 100,000 unbanked Detroit residents. The ordinance was enacted by the City Council on June 13, 2023 and is effective on September 11, 2023. While there is no existing federal law...more

McDermott Will & Emery

PCI DSS 4.0 Introduces Transformational Change: New Risk Analysis, Governance Requirements and Alternative Customized Approach

On March 31, 2022, the Payment Card Industry Security Standards Council released version 4.0 of its Data Security Standard (PCI DSS 4.0). The new version—which brings major changes to the payments ecosystem—places an...more

Latham & Watkins LLP

Pay.UK Releases Paper on Protections in Consumer-to-Business Payments

Latham & Watkins LLP on

The paper identifies potential gaps in protections for consumers, with a focus on consumer-to-business payments via the Faster Payments System. In November, Pay.UK, the retail payments authority, released a summary paper...more

Robins Kaplan LLP

Financial Daily Dose 10.12.2020 | Top Story: Court Rules Apple Doesn’t Have to Offer Fortnite in App Store

Robins Kaplan LLP on

Big Friday win for Apple in its ongoing battle with Epic Games, as N.D. Cal. Federal Judge Yvonne Gonzalez Rogers ruled that Cook & Co. didn’t “need to reinstate the popular video game Fortnite in its App Store,” a blow to...more

A&O Shearman

UK Payment Systems Regulator Revises Timeline for Market Review into the Supply of Card-Acquiring Services

A&O Shearman on

The U.K. Payment Systems Regulator has revised the timeline for its work on the market review into the supply of card-acquiring services. The PSR will publish its interim report for consultation in Q1 2020, instead of by the...more

A&O Shearman

UK Payment Systems Regulator Launches Consultation on Supply of Card-Acquiring Services

A&O Shearman on

The U.K. Payment Systems Regulator has launched a consultation on the PSR's proposed approach to assessing the profitability of card-acquiring service providers for U.K. merchants and consumers. The Consultation Paper may be...more

A&O Shearman

UK Payment Systems Regulator Publishes Progress Report on Access to and Governance of Payment Systems

A&O Shearman on

The U.K. Payment Systems Regulator has published its fourth report on developments in access to payment systems and the governance of those systems. The report focuses on developments in 2018, including the following...more

BCLP

Credit Cards and the Payment Card Industry Data Security Standard

BCLP on

For most retailers their primary source of revenue comes from credit card transactions. In order to accept credit cards, a retailer must enter into a contractual agreement with a payment processor and a merchant bank....more

Blake, Cassels & Graydon LLP

Further Consultation on Payments Canada – And More to Come

The Department of Finance recently published a consultation paper (Consultation Paper) that proposes to expand access to Canadian payment systems and seeks feedback on changes to Payments Canada’s governance structure that...more

BCLP

New Security Standard for PINS Will Give Retailers Less Costly Processing Options

BCLP on

A new standard published by the Payment Card Industry Security Standards Council (“PCI SSC”) may make it easier and less costly for retailers to take advantage of lower cost PIN based transactions in card present scenarios....more

Ballard Spahr LLP

Second Circuit Rejects Constitutional Challenge to New York “No Credit Card Surcharge” Law

Ballard Spahr LLP on

A New York state law that prohibits merchants from imposing a surcharge on credit card purchases does not violate the First Amendment or the Due Process Clause, the U.S. Court of Appeals for the Second Circuit recently ruled....more

Davis Wright Tremaine LLP

Chip-and-PIN (EMV) Credit Card Liability Shift is Oct. 1: Are You Ready?

October 1 is right around the corner. Merchants, retailers, hotels and restaurants: are you ready for what’s in your customers’ wallets? Starting next month, the payment card industry’s transition to chip-and-PIN (also known...more

Proskauer - Privacy & Cybersecurity

A Primer on EMV Technology for Merchants

With the new year just around the corner, retailers should make a resolution to learn more about EMV technology. That’s because 2015 is slated to be the year EMV technology makes significant inroads in the United States, and...more

King & Spalding

Executive Order Mandates Heightened Data Security Measures for Government Agencies

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On October 17, 2014, President Obama signed an executive order for its BuySecure Initiative requiring government agencies to transition payment processing terminals and credit, debit and other payment cards to employ enhanced...more

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