FinCEN issues clarifying guidance on “convertible” virtual currencies *

USA - April 11 2013
In response to the growing attention paid to "virtual currencies" of various types, FinCEN has issued guidance that attempts to clarify how FinCEN…

Co-authors: Douglas H. Posey.

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California money transmitter law resources – legislative hearings and public comment *

USA - March 22 2013
The California legislature recently held public hearings to discuss forthcoming California Money Transmission Act regulations. Amendments to the Act…

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Mobile payment acceptance: security guidelines for merchants *

USA - March 1 2013
The PCI Security Standards Council recently issued security guidelines for merchants who accept mobile payments. The guidelines apply to payment…

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Georgia’s new merchant acquirer bank charter: “wait and see” *

USA - December 4 2012
The creation of a first-of-its-kind merchant acquirer bank charter in Georgia last March generated considerable initial interest within the payment processing industry, but non-bank payment processors that want to establish themselves as specialty Merchant Acquirer Banks under the law must wait until the Georgia Department of Banking and Finance issues implementing regulations.

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PCI Security Standards Council issues guidance for mobile payment applications *

USA - October 24 2012
The PCI Security Standards Council‘s (PCI-SSC) Emerging Technologies group recently issued guidance addressing security standards for mobile payment applications on consumer handheld devices.

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