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Data Privacy › Payment Systems › Data Protection

Davis Wright Tremaine LLP

PCI SSC Clarifies Obligations for Ecommerce Merchants That Outsource Payment Card Processing

Davis Wright Tremaine LLP on

The Payment Card Industry Security Standards Council (PCI SSC) has issued an FAQ for ecommerce merchants that outsource their payment card processing to a vendor using an embedded payment page or form (such as an "iframe")....more

Clark Hill PLC

The Growing Cybersecurity Risks in the Cannabis Industry

Clark Hill PLC on

Those familiar with the industry know that cannabis retailers find themselves in a unique position compared to other product retailers. Cannabis retailers face significant regulatory hurdles to their operation—particularly in...more

Orrick, Herrington & Sutcliffe LLP

FSB recommends data flows changes and supervision of cross-border payments

Orrick, Herrington & Sutcliffe LLP on

Recently, the FSB released its final recommendations aimed at improving data flows and the regulation and supervision of cross-border payments. These recommendations aim to facilitate greater efficiency of cross-border...more

Skadden, Arps, Slate, Meagher & Flom LLP

The UK’s Pursuit of Open Finance

Skadden, Arps, Slate, Meagher & Flom LLP on

In April 2024, the UK government reiterated its vision for open finance, with UK Economic Secretary Bim Afolami (MP) announcing the creation of the Open Finance Taskforce at the 2024 Innovate Finance Global Summit. The...more

Wilson Sonsini Goodrich & Rosati

Fintech and Financial Privacy: Regulatory Developments on the Use of Financial Data

Wilson Sonsini Goodrich & Rosati on

So you're a fintech startup, buying a fintech company, or expanding the technical capabilities of your financial business. Or you're a tech company that is getting into the payments space. Where do you start when it comes to...more

BakerHostetler

New PCI Guidance Provides Businesses With Security Incident Response Assistance

BakerHostetler on

A security event involving payment card data, especially card present data, can be one of the most costly events a company may face. Not only did a recent study report the average total cost of a data breach as $3.8 million,...more

Robinson+Cole Data Privacy + Security Insider

Consumer Financial Protection Bureau releases Consumer Protection Principles

Robinson+Cole Data Privacy + Security Insider on

In response to advanced payment technology and consumers’ preference to non-traditional payment systems of writing checks, paying cash, or swiping a credit or debit card, the Consumer Financial Protection Bureau (CFPB)...more

Morgan Lewis

CFPB Issues List of Consumer Protection Concerns for New Faster Payment Systems

Morgan Lewis on

The Consumer Protection Principles continue the CFPB’s expansive approach. Stating that it wants to ensure that “any new payment systems are secure, transparent, accessible, and affordable to consumers” and have “robust...more

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