Payment Systems and Electronic Commerce
In the dynamic and intricate world of payments systems and electronic commerce (“e-commerce”), navigating the maze of transactional, regulatory, and compliance landscapes becomes not just a challenge but a necessity for businesses aiming for success. Shipkevich PLLC stands at the forefront of this evolving field, offering unmatched expertise and insightful guidance. Our extensive experience encompasses a wide array of sectors within the financial industry, including financial institutions, electronic commerce companies operating through internet and mobile platforms, payment processors, merchants, and money transmitters.
The payments sector is characterized by rapid developments and innovations. Staying ahead requires a proactive and informed approach. We ensure that our clients remain well-informed about the latest payments practices, technologies, and legal developments, aiding them in not just navigating but excelling in this ever-evolving landscape.
Our Diverse Client Base Includes:
- Money Transmitters
- Merchants
- Payment Processors
- Prepaid Program Managers
- Payment Networks
- Financial Institutions
- Corporate Payors and Payees
- Financial Technology Innovators
- Payments Associations and Clearing Houses
- Alternative Payment and Funding Innovators
We Offer the Following Comprehensive Services:
- Compliance and Regulatory Guidance:
- Compliance with Federal Anti-Money Laundering Laws: Ensuring adherence to laws designed to prevent financial crimes.
- Money Services Business Registration: Navigating the regulatory requirements for businesses dealing with money services.
- Compliance with FinCEN Regulations: Staying compliant with the Financial Crimes Enforcement Network’s stringent rules.
- State Licensing Requirements: Helping clients meet diverse state-specific regulatory demands.
- Bank Secrecy Act: Ensuring businesses fulfill their reporting and record-keeping obligations under this critical piece of legislation.
- Electronic Funds Transfer Act and Regulation E: Advising on compliance with rules governing the transfer of funds electronically.
- Operational and Strategic Consulting:
- Enforcement Defense: Offering robust defense strategies against enforcement actions by regulators.
- Assisting Executive Teams Develop New Products and Services: Providing strategic insights to foster innovation and market expansion.
- Investigations: Conducting thorough investigations to preempt or respond to regulatory concerns.
- Payments Related Issues: Addressing the wide array of operational challenges and opportunities unique to the payments sector.