As The Am Law Daily‘s Juan Ferrer reports, Bitcoin’s move toward the mainstream is the latest wrinkle in a so-called emerging payments sector that some law firms see as offering growth opportunities. For more information, including commentary on the subject from DWT partner Andy Lorentz, click here.
Overcoming concerns about a business plan devoted exclusively to the issuance and servicing of general purpose reloadable prepaid cards, the Federal Reserve Board voted on November 23, 2011 to approve Green Dot’s application to purchase Bonneville Bancorp and its wholly owned subsidiary, Bonneville Bank, a Utah state-chartered bank. The Board’s approval order can be read… Continue Reading
The 2011 Payment Card Industry Compliance Report by Verizon once again indicates widespread non-compliance with the Payment Card Industry (“PCI”) Data Security Standards. Only 21% of organizations were compliant at the time of their initial assessment, essentially the same as last year. Organizations are also failing to prioritize their compliance efforts in the manner recommended by the PCI… Continue Reading