Mobile payments that use a mobile device like a smartphone or tablet to transfer funds to people or businesses are growing in popularity among consumers. Banks and other financial service providers, however, must still comply with existing laws and regulations—while being compelled to work with a variety of vendors that do not have the same legal strictures.
What are the risks and supervisory issues inherent in this new financial service? Find out in this CLE program on mobile payments.
Join counsel experienced with issues involving financial services and wireless communications and a representative from the U.S. Treasury for a concise discussion that identifies risks associated with mobile payments; what current regulations apply; and best practices for compliance with laws affecting mobile payments and associated technologies.
What You Will Learn
Discussion will include:
overview of regulations that affect mobile payments
banks’ supervisory risks inherent in using third-party technology vendors
Payment Card Industry Data Security Standard (PCI DSS)
consumer privacy concerns
Who Should Attend
Attorneys who practice corporate law, commercial law, financial services, and securities law as well as any legal professionals who deal wireless communication providers should attend this accredited continuing legal education program from ALI CLE.
Kate Kingberger, U.S. Department of Treasury, Washington, D.C.
Jason Oxman, Electronic Transactions Association, Washington, D.C.
All Times Eastern Daylight
12:30 pm Program Begins.
Faculty members will discuss legal and regulatory issues facing banks and their wi-fi vendors when designing systems for mobile payments.
2:00 pm Program Ends.
Total 60-minute hours of instruction: 1.5; Total 50-minute hours 1.8
Suggested Prerequisite: Two to four years’ experience in subject matter
Educational Objective: Acquisition of knowledge and skills to develop proficiency as a practitioner; maintenance of professional competence as a practitioner; provision of information on recent legal developments