Skip Page Banner  
Skip Navigation

Mobile Payments: Regulatory and Security-Related Challenges


Product Code - LGN67
Speaker(s): Jeffrey L. Hare, DLA Piper; Randy Gainer, Davis Wright Tremaine LLP
Add To Cart
View the Brochure
As the use of mobile devices to pay bills and shop online becomes more widespread, both the regulation of such transactions and the security of the information being transferred come into sharper focus. Most states require money transmitters to be licensed or registered, while federal bank secrecy and anti-money laundering regulations impose registration, recordkeeping, and reporting requirements on money services businesses.

Computer security in the United States and worldwide is, overall, weak. Cyber criminals are routinely able to mine corporate networks for extended periods of time before they are discovered as having done so. Many perceive that mobile devices are even less secure due to their wireless nature.

What does the future hold to make the information transmitted during electronic payments more secure? NFC-enabled smartphones, dynamic CVVs, and other means of protecting consumer data as well as privacy challenges will all be discussed during this program.

Educational Objectives:

• Understand which federal organizations are jockeying for position to regulate mobile payments.
• Learn about existing state laws that impose requirements on payment transmissions.
• Gain an understanding of whether mobile payments are any less secure than other electronic payments.
• Find out about evolving efforts to make mobile payments more secure.
• Learn how the Federal Trade Commission can limit the use of consumer data.

Who would benefit from attending the program?

Practitioners advising their clients about data privacy and security issues; in-house counsel and banking executives who need to understand the regulations and proposed regulations in this area; securities professionals.

Program Level: Intermediate

Credit Available: CLE. For more information, please click on the “CLE Credit” tab.

Jeffrey L. Hare, DLA Piper; Randy Gainer, Davis Wright Tremaine LLP

Jeffrey L. Hare, Partner and Chair, Financial Services Regulatory Practice, DLA Piper
Jeffrey L. Hare, based in Washington, D.C., is a partner in DLA Piper's Government Affairs group and the chair of its Financial Services Regulatory practice. Focusing his practice on federal and state banking and financial services law, Mr. Hare represents banks, thrifts and credit unions and lenders as well as their holding companies and investors. He has significant experience with investor control issues, affiliated and insider transactions, Bank Secrecy Act and anti-money laundering compliance, de novo chartering, mergers and acquisitions, product development and holding company, service corporation and operating subsidiary formation and activities. Mr. Hare earned a J.D. from West Virginia University College of Law and a B.S.B.A. in Finance from West Virginia University, with honors, where he was a Presidential Scholar.

Randy Gainer, Partner, Davis Wright Tremaine LLP
Randy Gainer is an accomplished litigator in the fields of privacy and security, communications and media, information technology, and intellectual property. He has successfully litigated many cases representing large corporations, hospital systems, government agencies, and software developers against claims ranging from false advertising to multimillion-dollar contract disputes. Mr. Gainer also advises businesses regarding compliance with computer network security laws, privacy requirements, data breach notification statutes, and related topics. He earned a J.D. with honors from Indiana University Maurer School of Law, where he served as Note Editor of the Indiana Law Journal, and a B.A., with honors, from the University of California-Berkeley.

This program is CLE-credit eligible.

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

Hardship Policy
Bloomberg BNA offers a hardship policy for attorneys earning less than $50,000 per year. If an attorney wishes to take advantage of this option, he or she must contact Bloomberg BNA directly. For attorneys who are unemployed or earning less than $35,000 per year, a full discount off the price of the program will be awarded upon written proof of hardship. Attorneys earning between $35,000 and $50,000 per year will receive a 50% discount off the price of the program. Any attorney working in the public service sector also qualifies for a special price. If you have further questions regarding the hardship policy or seek additional information, please contact Bloomberg BNA customer service at 800-372-1033 and ask to speak to Lindsey Pace, CLE Accreditations Coordinator, or email us at accreditations@bna.com.

Questions
For more information about Mandatory or Minimum Continuing Legal Education (MCLE) requirements, visit the American Bar Association website at http://www.abanet.org/cle/mandatory.html.