Nonbank Payment Systems Expert Joins Morrison & Foerster

3/2/2011

Press Release

Washington, D.C. - Morrison & Foerster LLP announced today that Ezra Levine has joined the firm's Financial Services group as Senior Of Counsel in its Washington, D.C. office. Mr. Levine is a specialist in the area of funds transmission and anti-money laundering regulation.

Throughout his career, Mr. Levine has focused on the law of nonbank money transmitters. He represents payment instrument issuers, funds transmitters, stored value issuers, Internet funds transmitters and others with regard to licensing and compliance matters before state and federal agencies and legislative bodies.

Rick Fischer, Co-Chair of the Financial Services Group, said, "Ezra's nonbank payment systems expertise is second to none. His addition enhances Morrison & Foerster's ability to serve clients in this growing and increasingly complex market. We're pleased to welcome him to the firm." Mr. Fischer is widely regarded as a leading authority on the legal issues surrounding payment systems. He has worked closely with clients on every major legislative and regulatory initiative affecting payment systems since the mid 1970's.

Before joining Morrison & Foerster, Mr. Levine was with Howrey LLP for many years. Prior to that, he held a variety of senior legal and policy positions with the U.S. Government. Mr. Levine has been a member of the U.S. Treasury's Bank Secrecy Act Advisory Group since its inception, and currently serves as counsel to The Money Services Round Table.

Morrison & Foerster has been centrally involved in the evolution of the electronic banking systems. The firm advises clients regarding ATM and POS systems and represents several of these systems. Morrison & Foerster also advises banks and non-banks regarding payments and related issues involved with doing business over the Internet.

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