App provides regulatory overview and updates on key issues for the mobile payments industry
New York (October 30, 2014) – Morrison & Foerster announced the launch of its latest app, MoFoMobl$™ (or MobileMoney), designed for the mobile payments industry. The app, which is available on iOS platforms, offers regulatory overviews, alerts, articles, and a weekly digest of market developments.
MoFoMobl$ is the latest tool created by Morrison & Foerster to help clients stay abreast of regulatory changes. Our firm has long been associated with the payments industry. We have worked with clients on every major regulatory initiative that has affected the industry since the 1970s,” said Partner Oliver Ireland. Obrea Poindexter, co-head of the Financial Services practice, notes that, “with mobile payments estimated to put approximately $20 billion of potential revenue into the payments industry, we felt it was important to create a smartphone app resource for the industry.”
Morrison & Foerster has one of the preeminent financial services practices in the United States, and is a leader in the field of consumer lending and payment card systems. Our payments systems expertise, together with our IP and technology experience, has enabled us to assist clients in the rapidly growing mobile payments sector.
MoFoMobl$ joins other online tools designed by the firm to help financial services industry participants stay up to date on regulatory changes affecting their business, and their clients’ businesses. Additional online client tools include FrankNDodd™ a platform dedicated to tracking Dodd-Frank regulatory changes, FrankNDoddLite™, a module for smaller and community banks, BureauTrak®, which monitors developments at the Consumer Financial Protection Board, MoFo Jumpstarter®, a blog dedicated to the JOBS Act, KNOWFatca.com®, a platform that tracks developments related to the Foreign Account Tax Compliance Act, MoFoMoFi™, a platform to help users keep track of regulation and reform in the mortgage market, and the Twitter handle @ThinkingCapMarkets.