EFT/ATM

Jack Milford Ford specializes in navigating the legal issues of the Electronic Funds Transfer industry, specifically including the ATM arena. He has over twenty-three years of experience in dealing with the legal matters that surround the ATM, EFT, & check cashing industry.

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Jack’s legal experience in the ATM, EFT, & check cashing industry include the following areas:

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• Business organization, documentation and maintenance

• Contract negotiation, review and preparation

  • ATM Processing Agreements, variations 

  • ATM Placement Agreements, variations

  • ATM Offsite Owner Agreements, variations

  • ATM Processing Agreements

  • ATM Sponsorship Agreements

  • ATM Third Party Service Provider Agreements

  • ATM Cash Provider & Armored Carrier Agreements

• Due diligence/review of acquisition targets and portfolios

• Regulatory licensing compliance, including Americans with Disabilities Act (ADA), as related to ATM ADA requirements

• Merger and acquisition documents

• Working with Independent ATM Deployers (IAD)

• Negotiating and closing transactions

• Providing general and corporate counsel to internal departments

• Working with Sponsoring Banks

• Representing Third Party Service Providers

• Regulatory Compliance including: Bank Security Act (BSA), Financial Crimes Enforcement Network (FinCEN), and Anti-Money Laundering (AML) regulations

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Since 1998, Jack has served numerous roles in the ATM arena, including in-house legal counsel, and outside legal counsel to numerous companies, and has helped form and organize and various IADs and third party service providers. He has covered a wide spectrum of transactions with IAD’s, sponsoring banks, ATM manufacturers, processors, service bureaus, armored carriers, large and & technology companies. 

 

As an ATMIA member, Jack continues to stay informed of the current legal issues, and the latest regulations in the ATM and EFT industry.