Payments Law Tool Kit

©2022 Venable LLP. This informational piece is published by the law firm of Venable LLP. It is not intended to provide legal advice or opinion. Such advice may be given only when it is related to specific fact situations that Venable has accepted an engagement as counsel to address. This information is current as of June 8, 2021. 22-060. The payments industry drives today’s economy by facilitating brick- and-mortar, online, and mobile payments. Whether by credit or debit card, ACH, or even cryptocurrency, the payments industry provides various ways for consumers and businesses to engage in commerce and financial transactions. While there are tremendous business opportunities for banks and payments companies providing these services, there are also significant legal and regulatory considerations, ranging from card and ACH network requirements to federal and state laws and regulations. For startups and established players alike, the key to success is balancing innovation and expansion with compliance and risk management. Many of these companies are respectfully viewed as “disrupters” pushing technology forward. On the flip side, little could be more disruptive to a payments company than a federal or state enforcement action, loss of network authorization, or a major consumer protection headache. Venable – an Am Law 100 firm – has a long history of serving the payments industry with dozens of lawyers experienced in advising payments clients on regulatory compliance, business transactions, litigation, intellectual property, privacy and data security, and other legal and regulatory issues. Our attorneys provide comprehensive yet practical advice rooted in their understanding of the ever-changing regulatory and enforcement climates. To do this, we maintain a broad base of clients, including banks, nonbank financial institutions, fintechs, card networks, processors, merchant service providers, gateways, independent sales organizations (ISOs), payment facilitators, independent software vendors (ISVs), marketplaces, industry trade associations, online lenders, digital and mobile wallet providers, and merchants. Our client list spans the breadth of worldwide leaders in payments and fintech, from established players to start-ups and entrepreneurial market disrupters. Ellen Traupman Berge Partner Andrew E. Bigart Partner U.S. Payments Law Tool Kit Editors On behalf of Venable’s payments attorneys, we are pleased to provide this Payments Law Tool Kit as a resource to help your company navigate the ins and outs of the payments industry. Venable / 2 1 / Venable Explore these helpful resources: Payments Processing and Merchant Services at Venable LLP Insights and alerts for the Payments Industry Events and webinars for the Payments Industry