Corporate Transactions

Stan’s corporate transactions experience includes:

• Represented Visa in a series of acquisitions, including:
  • the Plus System ATM network and Interlink debit card POS system;
  • Globeset, Inc., a company closely associated with SET software for Internet credit card payments; and
  • International Anasazi, Inc.
• Represented Visa USA in its merger with Visa International.
• Represented Visa in its joint venture with Total Systems Services (TSYS) forming Vital Processing Services (for merchant payments processing) and in Visa’s subsequent divestiture of its 50% interest to TSYS (now called TSYS Merchant Services).
• Represented Visa in its $2 billion settlement agreement in the Merchants Antitrust Litigation.
• Counseled numerous merchants on payments acceptance agreements including LVMH in negotiation of transaction processing agreements with Bank of America Merchant Services.
• Represented Shutterfly in transaction with Afterpay for consumer Buy Now, Pay Later payments.
• Represented Apto Payments in processing sponsorship agreements with Community Federal Savings Bank and Metropolitan Commercial Bank.
• Formation of Visa Canada and transition plan for Canadian banks.
• Counseled a joint venture of mobile telecom providers in developing and deploying a pan-African interoperable mobile payment system.

Sponsorship Agreements

Stan’s sponsorship agreement experience includes:

• Represented Visa in its initial Olympic Games sponsorship agreements, comprising simultaneous agreements with the International Olympic Committee, US Olympic Committee and two city organizing committees (Seoul and Calgary to start) and then negotiation of the next 8 Olympic Games sponsorship agreements.
• Represented Visa in its sponsorship agreements with: NFL and SF 49ers, New England Patriots; NASCAR; Tony Awards (Live Broadway); and Triple Crown Racing.
• Represented Visa in its co-brand credit card agreements with Disney/ESPN, United Airlines, American Airlines, The Gap, and many others.
• Represented Salesforce in naming rights to SF Transit Station and Plaza.

Governance

Stan’s governance experience includes:

• Counseled Visa Rules Department on promulgation and interpretation of Visa rules.
• Counseled Visa in modifications of its Bylaws regarding member bank eligibility, jurisdiction, bank liability, liquidity assessments, etc.

Regulatory Compliance

Stan’s regulatory compliance experience includes:

• Counseled private equity clients on regulatory compliance due diligence supporting investment transactions.
• Counseled TPA client in electronification of health care payments.
• Counseled the Central Bank of Russia on risk management in retail payment systems.

Marketing Agreements

Stan’s marketing agreement experience includes:

• Represented Visa in its major advertising agreements.
• Drafted suite of IP, physical property rights and talent agreement forms for use in Visa’s commercials.
• Represented Visa regarding challenges of commercial claims before NAD (e.g., “X prefers Visa”; “And they don’t take American Express”).
• Counseled regarding compliance with state charitable co-venture laws.

e-Commerce

Stan’s e-commerce experience includes:

• Counseled clients in a variety of online commerce, remittance transfer and mobile payments projects, including counseling on anti-money laundering, privacy, consumer protection and remittance transfer regulatory compliance, joint services agreements, mobile and online wallet services.
• Represented Silicon Valley Bank in its card processing agreement with Fiserv.
• Represented Safrapay’s  development of mobile apps for merchant card acceptance services and mobile deposit banking.
• Represented Samsung Pay in negotiating for access to credential token services operated by Visa, Mastercard, American Express and Discover.
• Counseled Visa on a variety of online commerce projects, including payer authentication, security standards, fraud screening and investigations and bill payment services.
• Counseled Visa on rules regarding requirements for merchants’ website payments disclosures.

Product Development

Stan’s product development experience includes:

• Advised Visa in its development of debit cards’ use for merchant payments (instead of just as ATM cards).
• Advised Visa on:
  • development of first prepaid card products;
  • development of prepaid card “top-up” (reload) system;
  • development of prepaid cards to be used, e. g., for gift cards, student expenses, compensating ride-share drivers;
  • development of commercial/fleet card automated data collection and reporting tools;
  • development of PCI-DSS card data security standards;
  • development of POS system for classifying tax advantaged health care purchases at the point of sale;
  • merchant processing agreement forms and payment facilitator agreement forms;
  • migration of casino consumer cash service to bank-owned FBO account structure and supporting bank agreements; and
  • the establishment of Visa’s DPS processing system.
• Assisted in the development of the Visa’s premium card products (gold, smart chip, debit cards, prepaid, corporate cards).
• Supported facilitation of bank consortiums for issuance of corporate cards to multinational corporations.
• Represented Visa in the establishment of major data centers.

Technology Infrastructure

Stan's technology infrastructure experience includes:

• Represented Visa in its agreements with IBM, Accenture and leasing companies for development and integration of software, hardware and integration of "VisaNet," Visa’s global real-time authorization and batch settlement networks.
• Advised in the development of the Visa Currency Conversion System that supports cross-border transactions in 25 currencies in real-time.
• Advised in the development of Visa’s real-time fraud detection services using neural network AI systems.