Schwartz & Ballen LLP is perhaps the country’s most respected law firm in the area of payments law. We offer unique services for multi-bank and other organizations that provide many of the nation’s electronic and paper-based payments clearance and settlement systems, as well as the financial institution and corporate users of those systems.
Our attorneys specialize in paper and electronic payment matters, including paper check, check image and automated clearing house transactions, ATM and POS networks, credit and debit card systems, Internet and mobile payment products, and prepaid and other stored value payment products.
We advise technology companies on legal issues associated with their payments activities and their provision of services to financial institutions. We represent several world-wide money transmitters, including in connection with their federal registration, state licensing, compliance and ongoing operations. We also assist merchants and other payees with their credit card, lockbox or other collection activities.
We counsel our clients on the enactment and/or implementation of federal and state laws applicable to their payments activities, including the Check Clearing for the 21st Century Act (Check 21), Uniform Commercial Code, Electronic Fund Transfer Act, Truth-in-Lending Act, Truth-in-Savings Act, Bank Secrecy Act/USA PATRIOT Act, OFAC requirements, and other federal and state banking and consumer protection laws.