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Experience Connections Knowledge

August 24, 2018 | Daniel Ungar

Surcharges, Convenience Fees, & Cash Discounts

It’s hard to be a cash-only business, especially when businesses are expected as a matter of course to accept credit and debit cards. But processing fees can make merchants hesitant to sign up for transaction processing services, and many payment processors want to offer merchants the ability to pass processing costs through to the customer. …

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January 23, 2018 | Holli Targan

The Third Stark Lesson: ISO Liable Under TSR For All Merchant Fraud Damages

On December 13, 2017, the United States Court of Appeals for the Eleventh Circuit held that an independent sales organization can be held liable for all damages suffered by consumers as a result of a merchant’s violation of the Telemarketing Sales Rule (“TSR”).  The court rejected the ISO’s argument that its liability should be limited …

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January 16, 2018 | Nicole Meisner

Marijuana Banking & Payments: The Impact of AG Sessions’ Recent Memo

On January 4, 2018, U.S. Attorney General Sessions formally rescinded guidance issued by the Department of Justice (DOJ) during the Obama administration related to the DOJ’s approach to the enforcement of state-legalized marijuana activity.   Sessions replaced the former guidance by issuing a memo (“Sessions Memo”) that instructs U.S. Attorneys to “follow the well-established principles that …

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November 16, 2017 | Nicole Meisner

Technology Platform Providers and the Risk of Money Transmission

A recent trend that we are encountering frequently is software and internet-based platform providers (“providers”) venturing into the world of payments—sometimes unwittingly. A typical scenario looks something like this: A provider develops a platform that assists merchants (such as hair salons, utility providers, or medical offices) accept electronic payments from the merchant’s customers. Most commonly, …

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