Apple Pay Case Study: The Mobile Payment Service That Everyone Has Been Waiting For, With Analysis on the Legal and Compliance Ramifications of Near Field Communication (NFC), Radio-Frequency Identification (RFID) and Tokenization
Barrie VanBrackle
Partner
Orrick, Herrington & Sutcliffe LLP
Susan Herbst-Murphy
Senior Industry Specialist (Payment Cards)
The Federal Reserve Bank of Philadelphia
Chris Daniel
Partner
Paul Hastings LLP
- The potential effects of Apple Pay on the payments ecosystem
- Card networks, banks, processors, retailers/merchants and consumers; Mobile payments at POS
- The user experience
- Technologies underlying Apple Pay
- Tokenization; Near field communication; RFI
- The potential legal ramifications for Apple as a company
- Does this make them a ‘financial institution’ or ‘service provider’ subject to regulation by the CFPB?