Payment Law Advisor Legal Commentary and Resources for the Payment Industry

Peter S. Johnson

Posts by Peter S. Johnson

FFIEC Release – Business Continuity Planning For Outsourced Technology Services

Posted in Deals and Technology, Regulatory and Compliance
The Federal Financial Institutions Examination Council (FFIEC) has released a new appendix to the “Business Continuity Planning” booklet of the FFIEC Information Technology Examination Handbook containing guidance that is intended to align financial institutions’ oversight of the business continuity planning (BCP) activities of their th… Read the rest

“Getting to Know You, Getting to Know All About You…” FTC Data Brokers Report Calls for More Industry Transparency, Regulation in How Data Brokers Use Consumers’ Personal Information

Posted in Privacy and Data Security, Regulatory and Compliance
“You may not know them, but data brokers know you,” Federal Trade Commission (FTC) Chairwoman Edith Ramirez said when she announced the release of the Commission’s newest report on the data broker industry. And in the FTC’s opinion, Congress and the data brokerage industry need to take concerted action to bring transparency to the industry, prot… Read the rest

The New Normal: The Expanding Role of Technology Providers in Payment Processing

Posted in Deals and Technology
DWT payments team members Pete Johnson and Wendy Kearns spoke at LSI’s 22nd Annual Conference on Technology Law in Seattle on December 12. They appeared as part of a panel on cloud computing trends. Pete Johnson’s presentation focused on the following topics storage and processing of payment credentials in the cloud, including: How evolu… Read the rest