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Bank Regulatory Concerns with Peer-To-Peer (P2P) Payment Services: Zelle, Venmo and other Applications

Date: Tuesday, November 19, 2019
Time: 1:00-2:30 pm EST

Sponsored by Lorman Education Services


Registration - Live Webinar Only: $199.00

Registration - Live Webinar Plus CD Recording: $268.00

Gain insight into key regulatory issues within the different P2P services with regard to bank operations and potential bank liability.

This topic will provide an overview of major person-to-person (P2P) payment services currently available in the marketplace, including bank-partner P2P services (Zelle, PopMoney) as well as standalone P2P services (Venmo and Google Pay) that still create transactions to accounts.

You will learn about key regulatory issues and also discuss issues of error and fraud resolution within the different P2P services with regard to bank operations and potential bank liability. Finally, this information will highlight some key contractual provisions in bank-partner P2P services, and will discuss the potential impacts of real-time payments on P2P services.

Learning Objectives:

  • You will be able to review major PTP payment services.
  • You will be able to describe regulatory issues and considerations.
  • You will be able to discuss fraud issues and considerations.
  • You will be able to identify contractual consideration for direct bank partner P2P services.

This Live Webinar Covers These Hot Issues:

Overview of Major P2P Payment Services

  • Zelle
  • Popmoney (Fiserv)
  • Google Pay
  • Venmo (Paypal)
Regulatory Issues and Considerations
  • Banking Regulations and Money Transfer Regulations
  • Electronic Funds Transfer (EFT) Act and Regulation E
  • UDAP (FTC) and UDAAP (CFPB) Issues
  • CFPB Prepaid Rule and Application to P2P Platforms
  • BSA/AML and OFAC Considerations
Fraud Issues and Considerations
  • Error Resolution
  • Unauthorized or Fraudulent Transaction Resolution
  • Future of P2P and Real-Time Payments
Contractual Considerations for Direct Bank Partner P2P Services
  • Complaint and Data Sharing
  • Marketing

Credit Information (Sponsored by Lorman Education Services)

  • CLE
  • CPE
  • NASBA

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.

Faculty

Erin Fonte, Hunton Andrews Kurth LLP

  • Partner and co-head of Hunton Andrews Kurth’s Financial Institutions Corporate and Regulatory practice group
  • Resident in the firm’s Austin office, where she assists clients with a broad range of matters related to FinTech, payments/payment systems, digital commerce, banking and financial services, and related regulatory and compliance matters
  • Practice also has an increasing emphasis on blockchain, artificial intelligence, Big Data and connected devices/Internet of Things issues related to financial services
  • Frequently writes and speaks on FinTech, payments and privacy/data security issues and you can follow her on Twitter: @PaymentsLawyer
  • J.D. degree, with distinction, Phi Beta Kappa, Stanford Law School; B.A. degree, with honors, The University of Texas at Austin
  • Can be contacted at 512-542-5011 or efonte@huntonak.com

(Not available outside the US)