02/11/2015 11:00 a.m. - 12:30 p.m. EST
Banking + Financial Services, Financial Institutions + Financial Services, Mobile Payments, and Financial Technology
Obrea O. Poindexter and Jeremy R. Mandell
Alternative payment options, including mobile payments and virtual currencies, are gaining traction among consumers. Smartphones and other mobile devices are increasingly used to make payments to businesses and other consumers. Banks and non-bank providers of payment services that seek to innovate in the mobile space are well served by considering the vast regulatory regime that applies to consumer payments.
Virtual currencies also introduce legal considerations for banks and other entities active in the space. For example, anonymity – viewed as central by some to virtual currency transactions – creates particular challenges, such as the risk of money laundering, for banks and other regulated entities (e.g., non-bank money transmitters).
This webinar will provide an overview of the legal issues related to mobile payments and virtual currencies, highlighting trends in the market and related regulatory developments.
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