Mobile Payments comprise a growing percentage of financial transactions in the U.S. With the proliferation of mobile technology comes increasing challenges for banks and other financial services companies.
Banks already have a plethora of regulations that require them to prevent “money laundering” and other kinds of fraud, protect consumer privacy, disclose fair lending terms, and so on. Adding to the compliance burden are the compliance issues inherent in dealing with third-party technology vendors who do not have the same regulatory strictures.
How can financial institutions manage the risks inherent in using wireless technology to transfer payments while dealing with third-party vendors to implement their mobile payments strategies? Join counsel experienced with issues involving the intersection of financial services and wireless communications as well as an expert on product development for mobile and emerging payments for a concise discussion that identifies risks associated with mobile payments and how current regulations apply.
Faculty will discuss topics including:
Status of cybersecurity, privacy, and data breach notification legislation
Wireless carrier/telecomm regulation
Compliance issues for financial institutions using third-party technology vendors
Banking regulations that affect mobile payments
If you intend to take a course for CLE credit, please make sure your state is listed in the "Accreditation" section to the upper right of the program description. Accreditation displayed is unique to the purchased program format (live conference, live webcast, on demand, podcast). Credit totals listed for live conferences are the maximum credits available. Credits issued will be based upon actual time in attendance. Credit totals for other formats are for complete programs. Partial credit is not available for any online or downloadable format.
West LegalEdcenter will not provide accreditation for states not listed.
This product is intended for individual use by the named purchaser. Group viewings for online programs may be arranged for five or more attorneys within the same organization prior to viewing by emailing west.wlec-sales@thomson.com.
