Chip-and-PIN (EMV) Credit Card Liability Shift is Oct. 1: Are You Ready?

October 1 is right around the corner. Merchants, retailers, hotels and restaurants: are you ready for what’s in your customers’ wallets?

Starting next month, the payment card industry’s transition to chip-and-PIN (also known as EMV) payment cards will take effect. As part of this transition, merchants, retailers, and all other businesses that accept payment cards for in-store transactions are expected to be EMV-compliant – including replacing their old magnetic stripe-only point-of-sale (POS) devices with EMV-enabled terminals that are capable of authenticating the payment card with its integrated chip – by October 1. Businesses that are not certified as EMV-compliant by the October 1 deadline face a shift in liability and may be required to bear the costs for all card-present counterfeit fraud losses in their stores. In addition, some payment card issuers may shift liability to businesses on October 1 for purchases made with lost or stolen chip-and-PIN cards where the POS terminal does not support PIN verification.

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Posted in Business/Corporate Law | 25 Comments

Join Us at Pacific Rim M&A Institute This Wednesday


Please join us for the Pacific Rim M&A Institute’s next session. This quarter’s program features Port of Seattle CEO, Ted J. Fick, who will discuss how the Port contributes to our region’s economy.

We look forward to seeing you at this next PRMAI discussion session.

Register Here

Wednesday, April 29, 2015
7:00 – 8:00 AM Registration & Continental Breakfast
8:00 – 9:00 AM Program

Davis Wright Tremaine LLP
The John Davis Conference Center
1201 Third Avenue, Suite 2200
Seattle, WA 98101

About the Pacific Rim M&A Institute
PRMAI was founded by Davis Wright Tremaine, the University of Washington School of Law, and the University of Washington Foster School of Business. The mission of PRMAI is to create best practices and interdisciplinary knowledge sharing in the M&A community. Join the conversation at

Posted in Business/Corporate Law | 2 Comments

Revenue Lending

Revenue LendingI recently had the chance to sit down with BJ Lackland, the CEO of Lighter Capital, to talk about life, revenue loans, and Lighter Capital. Below is a transcript of most of our talk. Continue reading

Posted in Financings | Tagged , , , , , , | 6 Comments

Current Funding Trends and Capital Raising Tips

Current Funding TrendsHow Are You Planning to Fund Your Big Idea in 2015?

Due to cheaper tools, the cost of getting a startup off the ground has markedly decreased over the past dozen or so years. However, despite lower costs, it can still be difficult to obtain funding for a startup.

Before you start fundraising, it is a good idea to evaluate your options and gain an understanding of the current fundraising landscape. Join Joe Wallin and BJ Lackland for a discussion of current funding trends, capital raising tips, and what investors look for. Continue reading

Posted in Financings, Startup Events | Tagged , , , | 5 Comments

Crowdfunding Industry Panel

Crowdfunding Industry PanelEarlier this year Governor Jay Inslee signed HB 2023 into law making equity Crowdfunding legal in Washington State and giving startups an innovative new way to raise funds. Under the bipartisan measure, a Washington business could raise up to $1 million a year from Washington investors by selling securities of relatively small value. This exciting piece of legislation will certainly change the way entrepreneurs fund their companies in the future, but there is a lot more to it that creating your Crowdfunding campaign. Continue reading

Posted in Startup Events | Tagged , , , | 11 Comments