Payment Law Advisor Legal Commentary and Resources for the Payment Industry

Evan M. Shapiro

Posts by Evan M. Shapiro

The CFPB and the Technological Revolution

Posted in Deals and Technology, Regulatory and Compliance

The Consumer Financial Protection Bureau (CFPB) Director Richard Cordray emphasized during the CFPB’s September 11, 2014, meeting with the Consumer Advisory Board the CFPB’s new focus on protecting consumers who use mobile technologies with financial services and products.  Cordray cited the following interesting statistics during his presentation about consumers’ skyrocketing use of technology to complete… Continue Reading

Visa and MasterCard Endorse HCE

Posted in Deals and Technology

Visa and MasterCard announced in late February plans to support cloud-based mobile payments through a new feature in the Android mobile operating system called Host Card Emulation (HCE). HCE leverages Near Field Communication (NFC) applications on Android smartphones, letting users make payments by swiping their smartphones and permitting financial institutions to host payment accounts in… Continue Reading

Update on Gift Card Escheatment Law in New Jersey

Posted in Regulatory and Compliance

Selling gift cards in New Jersey only seems to get more complicated. On January 5, 2012, the United States Court of Appeals for the Third Circuit issued its opinion in New Jersey Retail Merchants Association v. Sidamon-Eirstoff. The court affirmed the District Court’s ruling, including its grant of a partial preliminary injunction to prevent the… Continue Reading