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The International Regulation of Mobile Payments: What’s Coming Next?

The International Regulation of Mobile Payments: What’s Coming Next?
Product Code - LGN250
Speaker(s): Robert Courtneidge, Locke Lord LLP; Timothy R. McTaggart, Pepper Hamilton LLP; Moderator: Paul Barbagallo, Bloomberg BNA
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A paradigm shift is occurring in how we pay for things. More and more, consumers are using mobile devices to make purchases in lieu of cash or a credit or debit card.

This opportunity for making payments via mobile devices appears to be gaining traction with U.S. consumers and businesses. Stakeholders in the traditional payment model like banks, payment brands and merchants, along with new entrants like mobile handset operators, wireless carriers, and mobile application developers, all are beginning to adopt mobile-payment business models. But while the U.S. mobile-payment market is still in its nascent stage, Asian and European markets are much more developed. At the same time, many foreign regulators have not explained how existing laws and regulations apply.

As the market develops, both in the U.S. and across the globe, what are the regulatory issues that should be taken into account? The faculty presenting this program will explore this question and more.

Educational Objectives:

Gain an understanding of the key legal and regulatory issues in the fast-developing world of mobile payments.
● What are the regulatory trends?
● What are the unique features of mobile payments regulation in Asia versus Europe versus developing countries?

Learn tips for staying in compliance with the regulatory landscape internationally—based on what company you represent.
● What regulations apply to which entity? (If I am a mobile network operator, do banking regulations apply? If I am a bank, do legacy telecommunications regulations apply?)

Who would benefit most from attending this program?

Telecommunications, communications, banking, financial services, privacy, and data security practitioners.

Program Level: Intermediate
Prerequisite: A general understanding of e-commerce and privacy issues.
CPE Delivery Method: Group Internet-Based Live
Field of Study: Specialized Knowledge and Applications
Recommended CPE Credit: 1.5 credits
Anticipated CLE Credit: 1.5 credits (may vary based on from which location requested)

For additional information, please see the “CE Credit” tab.

Robert Courtneidge, Locke Lord LLP; Timothy R. McTaggart, Pepper Hamilton LLP; Moderator: Paul Barbagallo, Bloomberg BNA

Robert Courtneidge, Locke Lord LLP
Robert Courtneidge is the Global Head of Cards and Payments for Locke Lord LLP and is based in the firm’s London office. He is noted for his knowledge and experience in the e-money area, where he has acted on matters for major financial institutions around the world, as well as for internationally well-known technology providers.

Mr. Courtneidge has more than 20 years of experience in the cards and payment systems and is skilled in all aspects of consumer finance issues including consumer protection, banking regulation and compliance and data protection. He works closely with The Payments Council, HM Treasury and the Financial Services Association and other compliance and industry bodies to ensure compliance for his clients, and he places special emphasis on working with high tech industries and products in the financial services industry, embracing new technological and legislative/regulatory developments.

Mr. Courtneidge earned an LL.B. from Reading University and his Law Society Finals from Guildford.

Timothy R. McTaggart, Pepper Hamilton LLP
Timothy McTaggart is a partner in the Washington office of Pepper Hamilton LLP. He focuses his practice on bank and financial services regulatory matters and also assists financial services clients on transactional and enforcement issues. Earlier in his career, Mr. McTaggart served as the Delaware State Bank Commissioner and as counsel to the U.S. Senate Banking Committee.

Mr. McTaggart has represented clients before the Consumer Financial Protection Bureau and the federal bank regulatory agencies including the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and the Board of Governors of the Federal Reserve System as well as before various state banking departments across the country.

Mr. McTaggart earned a J.D. from Harvard Law School and an A.B., cum laude, from Harvard University. He is admitted to practice in the District of Columbia and Massachusetts.

This program’s CLE-credit eligibility varies by state. Bloomberg BNA is an accredited provider in the states of New York*, California, Pennsylvania, Texas and Virginia, and most other jurisdictions grant CLE credit on a per-program basis. At this time, Bloomberg BNA does not apply directly to the states of Florida, Rhode Island, Montana and Hawaii although credit is usually available for attorneys who wish to apply individually. Additionally, the following states currently do not grant credit for Bloomberg BNA OnDemand programming: Arkansas, Ohio, Nebraska, and Delaware. All requests are subject to approval once the live webinar has taken place or the customer has viewed the OnDemand version. Please contact the Bloomberg BNA accreditations desk if you have specific questions that have not been addressed.

*Bloomberg BNA is an accredited provider in New York for experienced attorneys only.

Hardship Policy
For information regarding Bloomberg BNA’s Hardship Policy, please visit the Continuing Education Information page.

Individual programs, subjects, and formats may not receive credit in some states and there may be specific rules regarding who may earn credit or the maximum number of credit hours that may be earned with specific formats. For specific questions, contact your state MCLE regulatory entity for specific questions about your MCLE rules or visit the American Bar Association’s website for general information on accreditation.

If you have further questions regarding a specific state or how to file for CE credit, please contact Bloomberg BNA customer service at 800-372-1033 and ask to speak to the CLE Accreditation Coordinator or send an email to