Payment Instruments & Prepaid Cards
The payment instrument and prepaid card attorneys at Douthit Frets Rouse Gentile & Rhodes, LLC have extensive experience with regulatory compliance of payment instruments and prepaid cards. Our experience encompasses all aspects of the implementation and management of payment and prepaid card programs, including federal and state regulatory compliance, federal and state lobbying and legislative efforts, consumer protection, unclaimed property, anti-money laundering, money transmission, privacy, electronic funds, virtual payment and prepaid cards, management of breakage and slippage, legal related accounting matters, vendor contracts, bank sponsor agreements, third-party distributor contracts, and related business transactions.
Our attorneys have represented all segments of the industry, including state and federal banks and financial institutions, national, regional, and local retail chains, online and web-based retailers, and industry organizations. Our expertise enables our clients to navigate an increasingly complex array of state and federal regulations and incorporate compliance management techniques into their payment instrument and prepaid card programs.
Below are examples of the projects undertaken by the payments and prepaid card group of the law firm:
- Program Regulatory Management: Our lawyers have designed and managed regulatory compliance systems for over 500 programs in the United States, Canada, and Europe.
- Industry Innovation: Our lawyers have served as attorneys for industry innovators, such as Groupon, Card Compliant, and Store Financial Services.
- Legislative Projects: Our lawyers have been retained to present information or comment upon numerous proposed statutes and regulations, such as the Credit CARD Act of 2009, the Durbin Amendment, FinCEN regulations, and numerous state and provincial regulations.
- Industry Standards: Our lawyers have worked on several standards used in the payment and prepaid card industries, such as the standards for derecognizing prepaid card and payment liabilities set by the Financial Accounting Standards Board and the International Accounting Standards Board.
- Litigation Support: Our lawyers have served as direct and special counsel with respect to litigation matters in the payments and prepaid card industry.
For more information, please contact:
Phillip (Chuck) Rouse:
crouse@dfrglaw.com
Elish Meyers:
lmeyers@dfrglaw.com
Lindsay Heist:
lheist@dfrglaw.com
Tony Candelario
acandelario@dfrglaw.com