Ad Law Tool Kit Show – Episode 7 – Payment Processing
The Future of Payments: Exploring FedNow With the Payments Professor — Payments Pros – The Payments Law Podcast
Consumer Finance Monitor Podcast Episode: The Impact of New Developments in Payment Systems on Low-Income Consumers
FedNow Is Here! - Payments Pros: The Payments Law Podcast
Payments and the Solar Industry - Payments Pros: The Payments Law Podcast
Is the U.S. Payments System Failing Business and Consumers? A Discussion with Special Guest Dan Awrey, Professor of Law, Cornell Law School
GIACT and Hudson Cook Break Down NACHA’s New Account Validation Rule
ASG LegalTech CEO Soumya Nettimi Talks Covid, Racial Injustice and The Future of Legal Payments: On Record PR
Hot to Get Paid: Tips and Tricks for Construction Companies in DC, MD, and VA
Thoughts on Payments Systems for Banks
A critical deadline of March 31, 2025 is upcoming for the full implementation of the new requirements contained in the Payment Card Industry Data Security Standard (PCI DSS) version 4.0....more
The cross-border payments market is expected to boom in 2025. Data compiled by Statista shows that in 2023, the total value of cross-border payments was $190.1 trillion. That is predicted to hit $290.2 trillion by 2030, with...more
The 24th National Forum on Prepaid Accounts Compliance will address the latest developments impacting the prepaid industry and provide answers to the most pressing questions and challenges being faced by practitioners in this...more
On November 16, the Federal Trade Commission (FTC) announced an enforcement action against Global Tel*Link Corporation and two of its subsidiaries (collectively, “GTL”), which provide communications and payment services to...more
Last year, 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 and compliance...more
In This Issue: ..The Consumer Financial Protection Bureau (CFPB) published a Consumer Financial Protection Circular 2022-04 (Circular) in relation to safeguarding consumer data under the Consumer Financial Protection Act...more
On March 31, 2022, the Payment Card Industry Security Standards Council published version 4.0 of its PCI Data Security Standard (PCI DSS). The updated standards provide significant new guidance on the scope and applicability...more
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
The Payment Card Industry Security Standards Council (PCI SSC) has issued a new Software Security Framework for secure payment software. The new framework includes both a Secure Software Standard and Secure Software Life...more
With an estimated 79 million American adults using mobile peer-to-peer (P2P) payment services, such as PayPal's Venmo, Google Pay, and Apple Pay, this technology has revolutionized the way people split dinner tabs or pay...more
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
2017 was a year of continued innovation in the payments space as the adoption of digital payments continued to increase. Below we highlight recent developments in the payments sector....more
As businesses and financial institutions grapple with data security in the wake of high profile breaches, tensions between retailers and the credit card industry over the creation and implementation of security standards...more
Examiners will be paying more attention to mobile financial services (MFS) using new guidance recently issued by the Federal Financial Institutions Examination Council (FFIEC)....more
The Federal Financial Institutions Examination Council recently issued a new appendix on “Mobile Financial Services” to the Retail Payment Systems booklet of the FFIEC Information Technology Handbook. The appendix...more
John Thain’s golden parachute got knocked down a few karats this week, with CIT Group cutting 30% off of his farewell bonus for failing to “successfully integrate OneWest, the California bank CIT bought last year for $3.4...more
Earlier this week, the FTC issued orders to nine credit card and payment security auditors in an effort to gain insight into data security compliance auditing and its role in protecting consumers’ information and privacy....more
On March 2, 2016, the Consumer Financial Protection Bureau (“CFPB”) entered into a consent order with Dwolla, Inc. (“Dwolla”) that penalized the company for engaging in deceptive acts related to the company’s data security...more
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
Trump Hotel Collection, the high-end hotel chain owned by the billionaire Republican presidential hopeful and real estate developer Donald Trump, has confirmed a data security breach involving malware that the company says...more
Companies can be fined by the federal government for failing to properly safeguard consumer data, according to a decision this week by Pennsylvania's federal appellate court....more