Leading From the Front
We are among the leading law firms in the payments industry, having worked closely with clients on every major legislative and regulatory initiative affecting financial services and payment systems since the mid-1970s. And, that leadership position extends to the emerging mobile payments industry.
Mobile Payments: The Opportunity
Mobile payments are estimated to put more than $20 billion in play for our clients through new revenue opportunities1 over the near term, yet the legal risks and challenges could be equally substantial.
Our Global Cross-Practice Mobile Payments Capabilities
Our global network of lawyers located in the firm's Washington, D.C., New York, Los Angeles, and San Francisco offices, and our international offices in Hong Kong, Shanghai, Beijing, Tokyo, London, and Brussels are committed to helping clients navigate the challenges and opportunities in the emerging mobile payments industry.
MoFo's mobile payments capabilities span numerous practice areas including corporate, M&A, privacy and data security, financial services (including banking and financial services and financial institutions and financial services), intellectual property, compliance and litigation (including anti-corruption, anti-money laundering, and investigations), technology transactions and global outsourcing and cover:
Clients We Serve in the Mobile Payments Space
We serve a broad range of players in the mobile payments landscape—banks, credit card companies, transaction processors, payments cooperatives, technology firms, governments, and nonbanks—on a diverse set of strategic legal issues. With these multiple industry stakeholders establishing new business models and delivery methods, regulation is not one size fits all. Depending on the mobile payment business model, the need and level of regulatory oversight might differ. We offer stakeholders the full scope of regulatory guidance in connection with services required to operate at any point in the mobile payment process.
Mobile Payments: Issues We Address
We have been at the forefront of new legislation in the payments industry for the past four decades and have extensive experience addressing the legal issues facing mobile payments initiatives including:
We have advised clients on regulatory issues encompassing a wide range of legislation affecting the payment industry on both federal and state levels, including:
1 Dialing up a Storm: How Mobile Payments Will Create the Most Significant Revenue Opportunities of the Decade for Financial Institutions (PwC).
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Features: Mobile Payments Datagram
"Morrison & Foerster ... is rightly regarded as a market leader for matters pertaining to credit cards and payment systems." (Chambers USA 2012)
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