Global Legal Law Firm

Electronic Payments and Financial Services Law

The Experience ISOs Need.

 

Global has worked in the electronic payments industry for over 15 years. Global's attorneys experience representing ISOs, agents, processors, Card Brands, equipment and software providers allow it to approach any electronic payments issue with a 360' approach.

 
 
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ELECTRONIC PAYMENTS LITIGATION

Ownership disputes; Disputes with vendors, ISOs, sub-ISOs, processors, banks, ancillary service providers (CRM);  review residual reports and analyze fees regarding, overcharges, downgrade surcharges, discount services, mislabeled fees, wrongfully charged fees. Review agreements regarding right to termination and termination fees. review minimum fee requirements. Reserve Account withholdings. Internal disputes.

 
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MERGERS AND ACQUISITIONS, CONTRACT REVIEW, AND PURCHASES

Global has represented an entity at every level of the payments processing landscape.  From merchants to banks, and at every level in between, Global has worked closely with these companies and therefore can provide a complete analysis of liabilities and opportunities.  Further, Global's involvement is so deep, it often knows terms that entities will agree to, or have enforced so that you can approach the relationship with a comprehensive view on the risks and opportunities.

 
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COLLECTIONS AND LOSS MITIGATION

From merchant chargebacks, fraudulent merchant schemes including straw merchants, rogue agents, or ISOs that cause financial losses related to reversed transactions fines, or other fees, Global has represented companies at every level.  Global's team of nationwide collectors and asset tracing software help your business recover on losses.

 
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REGULATORY DEFENSE

Global has defended electronic payments companies from actions pursued by the FTC, CFPB BSA, DOJ, Attorney Generals, and Private Attorneys related to alleged violations, governmental inquiries, civil investigative demand, adversarial actions, infringement claims, to name a few.  Global's involvement on lobbying groups and its network of high stakes players afford it an advantage to minimize the costs and other disruptions to businesses.  Further, Global's work in the compliance field expedites a resolution due to that curative measures are regarded highly.

 
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CORPORATE PLANNING AND COMPLIANCE

Become an ISO or register direct. Protect assets.  Think of the exit plan.  Know who should be in on the conversation.  Review all agreements and  source partners vendor, processor, and other partner agreements, ISO agreements. Compliance and compliance monitoring.  Data security compliance and breaches.  Loss mitigation.

 
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OPINION LETTERS

Global's founding partners and the supporting legal team, are widely recognized as industry expert attorneys.  As such Global is able to draft opinion letters for financial institutions to rely on to approve high-risk or non-traditional merchants, process transactions, reduce reserve withholdings, or otherwise provide the necessary assurances so that merchants can process transactions with limited restrictions, caps, or reserve accounts.  Global has been integral in getting merchants approved for processing nutraceutical, loss-leader, high risk, industrial hemp (CBD), legal marijuana, gambling, and other non-traditional businesses.

 
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MERCHANT DISPUTES

Global's attorneys are widely recognized as payment processing experts, and Global has been integral in the drafting of the applicable regulations and agreements in this industry.  Global has successfully litigated claims against processors related to merchant processing agreements, early termination fees, charge backs, hidden fees, all based on Global's integral knowledge of how the payment processing landscape operates and the entities involved.

 
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MATCH LIST ISSUES

When a merchant is placed on the MATCH list, it often results in processing caps, higher fees, reserve accounts, or forces a merchant to process through off-shore solutions.  Global has lobbied and litigated MATCH issues successfully.  But many times the resolution is easier due to Global's vast network of industry contacts and collaborators.