Webinar: Pandora’s Box: Digital Wallets and the Honor All Devices Rules

Wednesday, July 27, 2016 
12:00pm - 1:00pm CT

This webinar is being offered to MAG Members and Sponsors. 

Digital wallets present materially different risks and costs to merchants than traditional card payments.  These risks and costs also vary by digital wallet.  Yet card network Honor All Devices rules obligate merchants to accept all card network-branded payments from any device that utilizes a communications technology otherwise accepted by merchants.  Thus, merchants that take mag stripe payments cannot refuse or condition acceptance of magnetic stripe emulation devices, and merchants that take NFC cards cannot refuse or discriminate among digital wallets that use NFC. This webinar addresses the risks and challenges posed by digital wallets, as well as the antitrust issues involved with the card networks’ Honor All Devices rules. 

Moderator: Liz Garner, Vice President, Merchant Advisory Group 

Liz Garner

Presenter: Adam Levitin, Professor of Law at the Georgetown University Law Center

Adam Levitin

Adam is a Professor of Law at the Georgetown University Law Center, in Washington, D.C., where he teaches courses in financial regulation, contracts, bankruptcy, and commercial law. 

Professor Levitin has previously served as the Bruce W. Nichols Visiting Professor of Law at Harvard Law School and as the Robert Zinman Scholar in Residence at the American Bankruptcy Institute.  Professor Levitin has also served as Special Counsel to the Congressional Oversight Panel supervising the Troubled Asset Relief Program (TARP) and on the Consumer Financial Protection Bureau’s Consumer Advisory Board.

Before joining the Georgetown faculty, Professor Levitin practiced in the Business Finance & Restructuring Department of Weil, Gotshal & Manges, LLP in New York, and clerked for the Honorable Jane R. Roth on the United States Court of Appeals for the Third Circuit.

Professor Levitin holds a J.D. from Harvard Law School, an M.Phil and an A.M. from Columbia University, and an A.B. from Harvard College.