News & Analysis as of May 4, 2025

Cybersecurity › Payment Processors

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Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk... more +

Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk management, global regulations, data protection, leaks, hacking, cyber insurance, compliance, HIPAA, and every other aspect of cybersecurity of import to corporate readers right now. less -

Complete Win, Secured Early, for Payment Processor and Sponsor Bank in Business Email Compromise Fight

Arnall Golden Gregory LLP on 1/27/2025

As we have previously explored, litigation involving account takeovers (“ATOs”) and business email compromise (“BEC”) fraud have produced a muddled legal landscape. As between payors and intended payees, courts have tended to...more

Money20/20 Zeros in on AI, Open Banking, and Payment Innovation

Goodwin on 11/22/2024

The end of October marked the conclusion of another successful year of Money20/20, the premier event for the payments, banking, fintech, and financial services industries. If you missed the conference, fear not. Below is a...more

[Webinar] PCI DSS 4.0: Third-Party Service Providers and Risk Management - June 7th, 12:00 pm - 1:00 pm EDT

McDermott Will & Emery on 5/26/2023

Join members of McDermott’s Global Privacy & Cybersecurity team and Alan Gutierrez-Arana of Mazars for the next installment in our PCI DSS 4.0 series. PCI DSS 4.0 brings major changes to payments with an increased focus on...more

On the Border Restaurant Suffers Data Breach

Robinson+Cole Data Privacy + Security Insider on 12/6/2019

Last week, the Tex-Mex restaurant chain On the Border suffered a data breach that impacted its payment acceptance systems in 27 states. The restaurant says that some credit card information of customers who visited the chain...more

Privacy & Cybersecurity Update - June 2019

Skadden, Arps, Slate, Meagher & Flom LLP on 7/2/2019

In this month's edition of our Privacy & Cybersecurity Update, we reflect on the GDPR's one-year anniversary while also examining the EU's new Cybersecurity Act. We also take a look at HHS' new guidance on direct liability of...more

Five Privacy Practices Every Company Should Address in the Wake of the FTC’s Enforcement Action against PayPal

Bradley Arant Boult Cummings LLP on 3/7/2018

Privacy is serious business. This was made clear in the Federal Trade Commission’s (FTC) recent announcement that it had settled its complaint against Venmo, PayPal’s peer-to-peer payment service, for misrepresentations to...more

Privacy Perils: PayPal Data Breach

Bass, Berry & Sims PLC on 12/11/2017

On December 1, PayPal disclosed that an ongoing investigation into identify security vulnerabilities identified a data breach that may have compromised personally identifiable information for roughly 1.6 million customers at...more

Cybersecurity Threats for Treasury & Payment Management Systems Report Released

Robinson+Cole Data Privacy + Security Insider on 2/20/2017

Pactera Technologies N.A., Inc. [www.Pactera.com] has released the report “Cybersecurity Threats for Treasury & Payment Management Systems: Six Things you Should Know to Manage Them.” It is easy to understand and pertinent,...more

Reduce Potential Liability for Data Security Breaches by Negotiating Coverage in Payment Processing Agreements

BCLP on 1/13/2017

Credit cards are the primary form of payment received by most retailers. In order to process a credit card, a retailer must enter into an agreement with a bank and a payment processor. Payment processing agreements often have...more

Learning from Venmo’s Compliance Issues: How to Avoid Inadequate Privacy Disclosures

Carlton Fields on 7/21/2016

PayPal, the company responsible for the popular mobile payments app, Venmo, recently agreed to voluntarily bolster its privacy and security disclosures—and pay a $175,000 penalty—in response to an enforcement action brought...more

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