Bennett Jones acts as a trusted advisor and knowledge resource for clients in the payments industry. We represent issuers, acquirers, payment processors (on-shore and off-shore), e-payment security consultants, retailers, card and chip manufacturers and distributors, financial institutions, payment solution enterprises, brand owners and licensees, mobile communications companies, payment network operators and members, technology and software application developers and licensors, integrators, hardware and device manufacturers, and all other stakeholders across the payment sector.
We represent clients in the most innovative developments in all areas of payment and card programs, such as credit, debit, stored value or other credential issued payment mechanisms, including online payment products, mobile wallets, person-to-person payments, and related RFID and NFC solutions.
Payment Solutions Services
Some of our services we provide to meet the commercial and legal needs of our innovative payment solutions clients:
- payment solutions and related technologies, such as credit cards, prepaid cards, stored value cards, electronic and mobile payment offerings, including strip, chip, RFID and NFC technologies
- advising on credit, debit and private label networks membership, rules and services
- joint ventures, product collaborations, intermediary services, strategic alliances, and multi-party transactions to develop, launch and market payment solutions
- e-commerce and retail online payment and gateway solutions and related trusted third party payment solutions
- secured transactions, including authentication, encryption and certificate solutions, anti-fraud measures, and Cyber Security corporate governance
- wireless handheld device, mobile and related communications and IT solutions, including all intermediary contributions to payment solutions
- corporate governance and legal compliance, including record retention, audit requirements, evidentiary standards, anti-money laundering (AML) and consumer protection law compliance
- intellectual property and trade secret protection, including payment solution licenses and commercialization (marketing, co-branding, white labelling)
- security, authentication, fraud risk management & Cyber Security
- collection, use and ownership of cardholder data
- privacy, confidentiality and data protection, including use of customer data
- card design, development, production, marketing, promotion and solicitation
- card reader and data capture purchase, integration, maintenance and support
- records retention and audit requirements
- assisting in the resolution of disputes, including conciliation, mediation, arbitration, termination and other remedies
- affinity, loyalty and customer retention programs
- purchase and sale of account assets and card portfolios
- financial sector regulatory compliance, including protection of personal information, record maintenance and audit compliance, and applicable OSFI outsourcing guidelines
Areas of Payment Practice
- mobile payment, e-wallet solutions
- payment solution alliances and collaborations
- payment technologies
- ATM, POS, Kiosk, wireless devices, card reader solutions (including RFID and NFC)
- card solutions: debit, credit, stored value and private label
- intellectual property and trade secret protection
- privacy & data protection
- regulatory compliance
- security, authentication and fraud risk management
- e-tail and e-commerce applications
- payment gateways and network infrastructures
- all related contract formulation and negotiation
Payment Solutions Industry Affiliations
- Associate Member, Advanced Card Technology Association of Canada
- Affiliate Member, NACHA, The Electronic Payments Association (U.S.)
- Member, The Canadian IT Law Association (IT.Can)
- Member, Cyber Security Forum, Information Technology Association of Canada
Bennett Jones