Speaking Engagements

January 14, 2010   1:00 PM - 2:30 PM IDLW

Webinar



A live 90-minute CLE webinar/teleconference with interactive Q&A

This CLE seminar will discuss the legal and regulatory frameworks applicable to mobile banking transactions, identify legal risks under current law, and provide strategies for financial institutions to minimize risk and liability in implementing mobile finance products.

Description

Financial transactions conducted through cell phones and other wireless equipment are the future of banking. Recent studies forecast 612 million mobile banking users globally by 2011 and close to 1 billion users by 2013 — a dramatic increase from the 67 million users in 2008.

While technology for mobile banking is evolving rapidly, the law is not keeping pace. Current laws governing telecommunications do not fully address unique legal issues created by mobile banking.

Wireless transmission creates heightened privacy and security concerns under FACTA, GLBA, BSA, AML and OFAC. Counsel representing financial institutions and providers of financial services must be ready to guide their clients through this newly developing arena.

Listen as our authoritative panel of attorneys discusses the current legal and regulatory frameworks applicable to mobile finance, the inherent legal risks and liabilities, and best practices for financial services providers to minimize liability in implementing mobile banking solutions.

Benefits

The panel will review these and other key questions:

• What key factors are driving the growth of mobile financial services?
   
  
• What legal challenges and risks exist in implementing mobile banking systems?
   
  
• What can financial services providers do now to minimize the legal risks and challenges?
   
  
• What are the gaps in existing legal and regulatory frameworks as applied to mobile banking transactions?

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Faculty

Frederick M. Joyce, Partner
Venable, Washington, D.C.

He focuses on telecommunications law and his experience with wireless operations goes back to the first cellular networks in the US and first deployment of overseas wireless networks. He represents clients in matters involving domestic and international regulations and treaties, public and private financial transactions and litigation pertaining to telecommunications and state/federal legislation.

Peter E. Heyward, Partner
Venable, Washington, D.C.

His practice focuses on U.S. and international financial regulation and he has more than 20 years' experience in representing financial institutions. He advises clients on a broad range of matters that are subject to regulation by federal or state agencies.

Please click here for registration information.