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Emerging Payment Systems

Payment systems and emerging payments are a mixture of existing and developing systems, players, markets, infrastructures, and technologies. Their evolution is occurring within a maze of regulations written for other times and participants.

Our payment systems and emerging payments lawyers understand this and have experience helping clients navigate the legal, regulatory, policy, and business issues surrounding nascent platforms, services, and technologies, including:

    • product/service structuring & strategy
    • strategic alliances
    • data collection and privacy
    • data security
    • cloud platforms
    • emerging payments
    • prepaid access
    • credit & debit cards and codes
    • mobile payments
    • payment networks
    • payment technologies (mobile apps, tokenization & P2PE, RFDI, NCF, beacon, peer-to-peer)
    • consumer-facing marketing & advertising
    • customer loyalty/reward programs
    • end user terms & conditions
    • blockchain
    • e-commerce
    • eWallets/mobile wallets
    • online/mobile bill payment
    • bitcoin, virtual, and alternate currencies
    • stored value
    • money orders
    • check cashing
    • ACH
    • regulatory compliance
    • remittance products
    • money services businesses
    • money transmitter licensing
    • fraud risk management
    • benchmarking & procedural compliance
    • risk mitigation

Our payment systems and emerging payments experience enables us to provide transactional, regulatory compliance, and enforcement/litigation defense to various parties involved in payment systems. Our clients include mobile payment providers, payments infrastructure providers, banks, nonbank financial institutions, retailers, startups, processors, virtual currency issuers and issuers, and distributors of cards and other prepaid access devices.

Global Footprint
As new technologies and payment systems attempt to leap traditional infrastructures to enable payments locally, nationally, or internationally, the movement of money or money-equivalents becomes heavily regulated. Our payment systems and emerging payments lawyers provide a global, interdisciplinary, and solutions-oriented service through the firm’s 46 offices on five continents.

Interdisciplinary Approach 
Payment systems and emerging payments involves advanced distribution systems and technologies that frequently give rise to cutting edge issues crossing multiple legal disciplines, including regulatory (such as financial services, telecommunications, consumer protection, data privacy, and security), intellectual property, litigation, tax, corporate, and beyond. Our lawyers provide a corresponding international range of legal services regarding these kinds of topics:

Areas of Practice

NameTitleOfficeContact
Partner
P +1.412.355.8261
Partner
P +1.206.370.8101
Partner
P +49.(0)30.220.029.415
Counsel
P +1.202.778.9288
Administrative Partner (Austin)
P +1.512.482.6875
Partner
P +1.617.261.3189
Partner
P +1.206.370.8287
Practice Area Leader - Corporate and Transactional
P +1.704.331.7484
Partner
P +44.(0)20.7360.8139
Partner
P +1.617.261.3162
Associate
P +1.202.778.9415
Partner
P +1.202.661.6230
Associate
P +1.415.882.8230
Partner
P +44.(0)20.7360.8123
Partner
P +1.202.778.9363
Partner
P +1.212.536.4827
Partner
P +1.212.536.4074
Partner
P +1.202.778.9055
Partner
P +1.212.536.3928
Associate
P +1.214.939.5406
Partner
P +1.704.331.7582
Managing Partner, Asia
P +1.206.370.7617
Partner
P +1.212.536.4006
Partner
P +61.3.9205.2147
Practice Area Leader - Corporate & Transactional
P +1.412.355.8687
Showing 1-10 of 27 results
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Regulatory
Served as regulatory counsel for American Express in connection with Bluebird, an alternative to checking accounts to be offered through Wal-Mart stores.
Assisted several clients in structuring new payment service models to avoid state money transmitter and money service business licensing requirements.
Counseled leading global mobile wireless service provider how to enable transfer of purchased minutes of use among subscribers in compliance with applicable telecom and financial services regulations.
Provided clients with analyses addressing the regulatory advantages and disadvantages of issuing prepaid products out of a bank versus a state-licensed money service business, and various other business model structures.
Advised federally-chartered institutions and their operating subsidiaries engaged in payment activities on the impact of the new preemption standards in the Dodd-Frank Wall Street Reform and Consumer Protection Act, and assisted them with state law compliance where required.
Advised several mobile payment platforms on telecom and financial services regulatory and licensing issues related to mobile payments.
Obtained money transmitter and money service business licenses for a new payment service provider.
Transactional
Represented American Express in negotiations with Wal-Mart for Bluebird, an alternative to checking accounts to be offered through Wal-Mart stores.
Represented TxVia, Inc., a mobile payments technology company, in connection with the acquisition by Google, Inc.
Represented an international mobile payment system platform provider focusing on unbanked markets (e.g., assisting with structuring of international ventures and foreign and domestic regulatory compliance issues).