Payment Card Industry Compliance Attorneys
Built for high-value, high-risk business conflicts, we deliver trusted outcomes in the industries where precision matters most.
Fast-moving payments and fintech businesses face a maze of compliance requirements. Failing to be compliant can shut down your operations, even if there was no intent to disobey the rules. Global Legal is a recognized law firm whose payment industry attorneys can help you stay compliant, competitive, and audit-ready, allowing you to keep doing business stress-free. Global Legal helps you to understand what rules apply to your business and how you can build legal frameworks to meet those obligations.
We rely on our card brand requirement experience, as well as our knowledge of the Federal Trade Commission (FTC) rules, state laws, and banking regulations, not to mention the Card Brand Rules, to develop risk defense strategies for your business. This goes beyond generic compliance advice to highly specific legal counsel for the fintech and payments ecosystem.
PCI Compliance for ISOs, Payfacs, and Platforms
Most entities have to comply with the Payment Card Industry Data Security Standard (PCI DSS), which protects credit card account data and helps prevent fraud. Global Legal’s PCI DSS lawyers explain the requirements specific to your operations and help you identify critical gaps that present legal risks.
Our attorneys are deeply knowledgeable about payment card industry compliance and offer guidance to SaaS platforms, ISOs, and merchants. That gives you the opportunity to make changes before a security breach or lack of compliance puts your operations at risk.
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Dual Pricing & Cash Discount Program Compliance
Dual pricing is when businesses offer a discount when customers pay in cash. It’s not as simple as charging a “cash” price and a “credit card” price, however, as that practice can run afoul of credit card merchant rules. Not doing a cash discount the right way can lead to fines and or your credit card processing account being canceled.
Dual pricing legal compliance involves several layers of rules. Global Legal’s knowledge of payment card industry compliance helps businesses to follow Visa/Mastercard brand rules and to avoid FTC/UDAAP risk exposure for deceptive pricing.
Our cash discount program legal review involves looking closely at the pricing program terms and signage to ensure your business has no risk exposure. This review gives you an outline of the basics, such as making sure the advertised price is the credit card price, and offers in-depth information about how you can keep your business compliant.
Money Transmitter Licensing & Risk Avoidance
Some businesses might not realize that they meet the criteria of a money transmitter licensing (MTL) business, and therefore fall under MTL compliance regulations. Global Legal’s services include assessing whether you run an MTL business, and if so, how to meet the associated requirements. Our law firm helps you navigate licensing requirements when you do business across or between states. We can also structure partnerships to avoid MTL compliance violations.
Lending Program Licensing & Legal Structure
Another area of Global Legal’s payment card industry compliance services is in fintech lending compliance. Our payment industry attorneys review embedded lending models, advise on state-by-state lending laws, and help you to structure legal agreements that support compliant consumer and business lending.
Because of the strict regulations in place in the finance and lending industries, fintech companies require clear legal frameworks to avoid risks of non-compliance. Global Legal can help you develop these frameworks.
Need clarity on your compliance exposure? Talk to a payment card industry attorney who understands the law and the ecosystem.