Electronic Payment Processing Litigation

Rome & Associates represents individual and corporate clients, as both plaintiffs and defendants, in the complex realm of international credit card processing and high-risk electronic payments. We pride ourselves in possessing the skill and necessary understanding to navigate the sophisticated international laws that govern payments. We are routinely asked to join actions as co-counsel or to substitute into payment processing matters when business litigation firms recognize the need for deeper expertise in this unique area of law.

We assist in all matters involving misconduct by Independent Sales Organizations (ISOs), Internet Payment Service Providers (IPSPs), acquiring banks, aggregators and “high-risk” merchants. Our attorneys have in-depth knowledge of Association Rules; international bankcard processing systems; the administration of acquirer oversight by credit card companies; and risk mitigation systems. We have obtained precedent-setting decisions on third-party liability of the card associations, such as Visa and MasterCard, and have successfully established U.S. jurisdiction over banks in the Philippines, St. Kitts and Canada.

Our Results:

  • In February 2015, our client, a prominent businessman, was awarded actual and punitive damages amounting to more than $2 million in a case related to breach of oral agreement and fraud. The dispute arose out of a failed referral relationship in the payment processing space, and we successfully completed an action on behalf of the client.
  • We have effectively handled credit card processing disputes involving the mishandling of merchant funds. We obtained a significant outcome—the first of its kind in the payment processing space—in a matter where our attorneys were able to viably make a direct claim against a card association without contractual privacy between the merchant and the association. We have dealt with claims against independent sales organizations, acquiring banks and payment service providers.