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Payment Processors California Consumer Privacy Act (CCPA)

BCLP

Data Breach Litigation Preparation: What are the Requirements for Payment Card Breaches?

BCLP on

As of January 1, 2020, California became the first state to permit residents whose personal information is exposed in a data breach to seek statutory damages between $100-$750 per incident, even in the absence of any actual...more

BCLP

CCPA Privacy FAQs: Are payment processors and acquiring banks “service providers” under the CCPA?

BCLP on

It’s unclear. A vendor must be bound by a written contract that prohibits it from: Retaining the personal information “for any purpose other than for the specific purpose of performing the services specified in the...more

White & Case LLP

Consumer financial services: The road ahead: Payment processing

White & Case LLP on

The CFPB continued to be active in the consumer payments space in 2018, while the Federal Reserve and market participants considered the future of payment processing, including the development of faster payment systems....more

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