The advent of the internet has changed the world of financial transactions and money flows have gone digital across the globe. From the use of internet banking for the transfer of funds to the use of credit cards for shopping, money is now generally transacted in the electronic form.
On the other hand, this growth of usage of electronic transactions has meant that there are new challenges for the safety of funds and new threats such as phishing, identity theft, and financial scams. Further, regulators have brought in new legislation to deal with these issues.
The primary players in the Electronic Financial Services sectors are banks, merchants, payment services providers, certifying authorities and security agencies. On the other hand, there might be additional compliances required in the case of international transactions.
We at Empire understand the importance of electronic financial services for your business and are ready to ensure your compliance with all existing legislation. We work with all the major players in this regard and are also able to provide customized solutions based on your business needs.
No designation has been made by the Texas Board of Legal Specialization for a Certificate of Special Competence in this area.