The industry is ever-changing. Keep up here.
A Payment Facilitator (“PayFac”) is a company that offers an alternative to contracting with a traditional merchant acquirer or Independent Sales Organization (“ISO”) for card payment services by assuming responsibility for the risk, flow of funds, risk monitoring and ongoing support services for the payment acceptance services required to process transactions.
Businesses accepting card payments should prepare for extensive changes in Credit and Debit Card Interchange Rates and Card Network Fees coming in April 2022.
Upcoming interchange rate changes in regards to downgrades require merchants to review their processing costs and determine if network fee increases will impact their operating margins.
Regardless of whether a digital asset qualifies as a security, commodity, or some other regulated asset, BSA/AM/CFT obligations must be met.
A well-crafted payments contract will be clear and unambiguous. In this article, recent case law on conflicting contractual clauses is discussed.
A recent court decision determined that all third-party liabilities cannot be passed on to merchants; it all depends on the explicit drafting of the contract.
Payments contracts should be drafted carefully to ensure the contracts well represent the agreed upon allocation of risk.
Cryptocurrency money transmitters must embrace compliance and implement sound controls which align with federal and state regulatory requirements….
BlackLine is pleased to welcome Judy Farley, a seasoned veteran in operations, enterprise risk management, and IT security and compliance….
Initial Coin Offerings (ICOs) are where cryptographic computing and federal securities laws collide. As investors lacking the technical expertise of early market entrants throw money into cryptocurrency presales, regulatory agencies cannot be expected to sit on the sidelines…
