Payments & Fintech

Our Payments & FinTech Practice Group advises clients ranging from startups to industry leaders in developing cutting-edge financial services products. In addition to negotiating and preparing commercial contracts, we help our clients evaluate and assess applicable federal, state and local laws as well as judicial decisions that apply to their businesses and product offerings. We prepare compliance policies, procedures, handbooks, manuals and forms for all operational aspects of financial services companies. 

Each of our attorneys is familiar with the latest payment practices, emerging technologies, and the most recent legal developments. The breadth and depth of experience of the attorneys in the group provides the basis for creative approaches and practical solutions to all types of payment product issues. Combined with our Firm's IP and technology expertise and our network of local FinTech counsel around the globe with whom we regularly work, we provide the experience and expertise necessary to help our clients succeed in the challenging and ever evolving financial services landscape.

Our experience includes:

• Payment card products, including debit and prepaid products servicing the payroll, general purpose reloadable, health, gift, and loyalty/award card industries;
• Anti-Money Laundering, the Bank Secrecy Act and the USA Patriot Act;
• Online, and mobile financial services products;
• FinTech regulatory compliance and account structuring;
• ACH and checking law compliance including NACHA, Regulation CC, and Check 21;
• Advising on all manner of new and emerging payments technologies including blockchain technology and cryptocurrency;
• State money transmission licensing and federal money service business registration;
• UDAAP Compliance, including state and federal laws concerning advertising, marketing, and sweepstakes;
• Product terms and conditions;
• Pricing and design of all types of credit products, including:
  • secured and unsecured installment loans; 
  • credit cards, HELOCs and other open-end credit products;
  • retail installment sale agreements; and
  • subprime credit products, such as tax refund anticipation and payday loans
• Merchant acquiring and ISO relationships;
• Data privacy and protection;
• Website and privacy policy review including GDPR compliance;
• Compliance with the Telephone Consumer Protection Act;
• Credit reporting; and
• Debt collection practices.