Stanley J. Boris

STANLEY J. BORIS advises financial institutions on a variety of regulatory, transactional, and public policy matters related to banking, payments, and FinTech. Stan’s experience includes counseling payment networks, technology companies, and depository institutions on structuring their payment offerings, such as prepaid card programs, account-to-account payment services and digital payment products, as well as with respect to anti-money laundering and counter-terrorist financing compliance matters. His broader representation includes providing advice on investments in FinTech companies, service provider agreements, money transmitter and virtual currency business licensing and ongoing compliance obligations, online gaming, open banking, and management of third-party risk.

Stan’s representative matters include:

• Representing a payment network in connection with numerous service agreements entered into with banks, technology companies and end-users to facilitate the offering of domestic and cross-border funds transfers.
• Advising financial institutions and a trade association on federal and state legislation and regulatory rulemakings.
• Developing a client’s multi-jurisdictional strategy with regard to international standards for financial market infrastructure.
• Providing advice to a bank regarding the legal risks associated with participation in a new electronic payment system.
• Reviewing and preparing prepaid card program documentation.
• Representing a payment network with respect to its investment in a licensed money transmitter.  
• Advising on regulatory aspects of a payment company’s investment in a state-licensed lending company.
• Representing a foreign-based financial holding company in connection with the U.S. aspects of the merger of two bank subsidiaries.  
• Assisting clients with their compliance obligations to prevent unlawful internet gambling.
• Advising financial institutions with anti-money laundering inquiries and deal diligence.
• Providing advice to financial institutions on permissible investments and other activities.