March 26, 2015 - 7:30 AM - 9:00 AM CT

"Boot Camp on the Technology Used in the Various Payment Processes" for the American Conference Institute's 9th National Forum on Balancing Innovation with Consumer Protections in Emerging Payment Systems

This event has already occurred.
Fairmont Chicago Millennium Park Hotel
Chicago, IL

Allyson B. Baker, Partner, Venable LLP
Jessica Drew, Senior Legal Counsel, Meta Payment Systems

Event Description
In order to provide accurate and effective advice to your company or clients, it is essential that you have an in-depth understanding of the technologies underlying new and emerging payment systems. This Boot Camp will provide attendees with a firm grip on the technologies that are used in a wide range of innovative payment systems, and how the underlying technology impacts legal and compliance considerations.

Topics to be addressed include: 

  • New technologies applied to traditional payment systems
  • Analyzing the technology used in each step of the various emerging payment processes:
    • Internet Browser and Internet-Based Payments
    • Mobile Apps, Payments and Wallets
    • RFID
    • Near Field Communication
    • Text Messaging
    • QR Codes
    • Bluetooth
    • Host Card Emulation
    • EMV Chip Technology
    • Tokenization
    • Virtual Currency and Bitcoin
  • Understanding the new and emerging data security technologies
  • The range of information captured by emerging payment systems and devices: Where the information is stored
  • Structuring new products and product enhancements in ways that are intuitive and easy for customers to use but that also ensure regulatory compliance and data security
  • Examining the regulatory gaps and clarifying areas of uncertainty with the new technologies:
    • Reg E and Reg Z protections
    • Fraud prevention standards
    • UDAAP disclosures
    • Other disclosures
  • Where does the consumer go for protection – one regulator or many? – CFPB, FTC, FCC, Congress and Banking Committees, and more

For more information, please visit the American Conference Institute website.