Payment Systems

Support Services for a Variety of Industries

The Payment Systems practice area provides transactional, regulatory, compliance, and operations support services to a wide variety of clients, including financial institutions, transaction processors, auto dealers, finance companies, retailers and others in connection with various aspects of payment systems matters.

We assist clients with a variety of payment products and issues, including drafting payment authorization forms and scripts, customer agreements and disclosures, as well as drafting and negotiating vendor agreements and outsourcing arrangements.

We provide advice to clients with questions concerning:

Automated Clearing House payments and NACHA Rules
Bank Secrecy Act/anti-money laundering issues
Bill payment services
Check transactions
Electronic contracting
Electronic Fund Transfer Act and Regulation E
Expedited Funds Availability Act and Federal Reserve Board Regulation CC
Internet, telephone and mobile payments
Laws and card association rules governing credit cards, debit cards, payroll cards, prepaid value and gift cards
Money services business/money transmitter issues, including compliance with FinCEN regulations and state licensing requirements
Payment network rules
Remotely created checks and payment orders
State law restrictions on permissibility of fees, including surcharge fees, convenience fees and returned payment fees
Truth in Savings Act and Regulation DD
Wire transfers and Uniform Commercial Code Article 4A (Funds Transfer) concerns