What if you discovered that the person you trusted with your financial future was systematically plotting to ruin it? Join Global Legal Law Firm's very own James Huber, and Karen Heumann, as they unravel the decade-long saga of Cliq, Inc.'s David-and-Goliath battle against the deceitful schemes of Sabin Burrell. This episode lays bare the elaborate "loan to own" traps Burrell set to destroy the careers of unsuspecting sales agents and seize their residuals. We share a deeply personal account of a close friend whose life was nearly shattered by these unethical practices, only to rise from the ashes against all odds. With a remarkable $3 million punitive damages award, this landmark case strikes a blow against fraudsters in the credit card processing industry.

Step into the riveting courtroom theater, where a seven-week trial tested legal strategies, exposed bombastic lawyering styles, and underscored the crucial role of character evidence. From memorable exchanges to the jury's decisive verdict against Burrell, we highlight the strategic maneuvers and contrasting performances that led to justice being served. This episode emphasizes the significance of courtroom demeanor in high-stakes litigation and shines a spotlight on the tireless efforts to hold such malicious actors accountable. Witness how the triumph over Burrell marks a pivotal moment in the fight against fraudulent business practices.

Press release related to matter:
https://www.businesswire.com/news/home/20241101490613/en/Global-Legal-Law-Firm-Wins-8M-at-Trial-for-Its-Client-Cliq-Inc.-in-Suit-Against-Sabin-Burrell-John-Hynes-and-Their-Companies-for-Breach-of-Contract-and-Tortious-Interference

For expert payments litigation:
https://www.globallegallawfirm.com/

A payments podcast of Global Legal Law Firm

Unlock the secrets of startup jargon with our esteemed guests, Ken Valledy and Eamonn Carey, co-authors of The Startup Lexicon. We promise you'll walk away with a deep understanding of the language that can make or break your entrepreneurial journey. Listen as Ken recounts his transition from corporate marketing to the startup world, where intricate terminology initially felt like a foreign dialect. Together with Eamonn, they share their mission to demystify this complex language, making the startup landscape more accessible and encouraging for budding entrepreneurs.

Our conversation, lead by Sr Associate Attorney Olesya Trusova, and Global's Director of Operations Jeremy Stock, navigates the challenging intersection of finance, legal, technology, and strategy consulting, focusing on the power of clear communication in pitches — an essential skill for founders aiming to secure investment. With insights drawn from experiences with companies like Stripe, we discuss the importance of founders having a unique perspective or personal pain point driving their innovation. Ken and Eamonn highlight the necessity of simplicity in pitching, particularly when engaging with resistant industries such as fintech and payments, ensuring the startup's value proposition is conveyed effectively to potential stakeholders.

Explore the evolving startup terminology landscape, as we break down significant terms like liquidation preference, convertible notes, and KYC — essential for those seeking investment. The discussion also touches on the rapid evolution of tech language, with the emergence of SaaS, generative AI, and quantum computing, urging founders to keep pace with these changes. Ken and Eamon share insights into updating their book to include new terms, providing a consolidated resource that offers clear definitions crucial for navigating the startup ecosystem. This episode is a valuable guide for anyone looking to understand the language that underpins successful startup ventures.

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Please visit our guests, authors of The Startup Lexicon:

Ken Valledy
https://www.linkedin.com/in/kenvalledy/

Eamonn Carey
https://www.linkedin.com/in/ecarey/

http://www.thestartuplexicon.com/

Purchase a copy today: https://tinyurl.com/yrsan2ys

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Visit Global Legal Law Firm
https://www.globallegallawfirm.com/

A payments podcast of Global Legal Law Firm

Ever wondered how a career switch can lead to unprecedented success? Tune in to our latest episode of the Payments Experts Podcast to hear the incredible journeys of Eric Andrade and Brian Beth from BankCardUSA. These industry veterans reveal how mentorship guided them from unexpected backgrounds—Eric from a drug rehabilitation center and Brian from the family liquor business—into the dynamic world of payments. You’ll also get an insider’s perspective on the niche nature of the payments industry and the critical role that industry conferences like ETA play.

What sets BankCardUSA apart in a competitive market? Discover their secret sauce: a "white glove treatment" for merchants that redefines exceptional customer care. We break down the structure of merchant fees and uncover the lucrative residual income potential for agents, making compelling comparisons to the insurance industry. Learn about the common pitfalls merchants encounter with companies like Square and get clarity on the MATCH list misconceptions. Eric and Brian share invaluable tips on navigating these challenges, ensuring merchants can thrive and maintain smooth payment processing.

Curious about what's next in payment technology? We discuss the critical importance of transparent communication and immediate response times, especially for merchants in crisis. Hear about the hurdles high-risk businesses face and the innovations on the horizon aimed at reducing costs and streamlining processes. From outdated Mastercard match rules to the complexities of integrating with major processors, this episode sheds light on the evolving landscape of payment technology and offers a hopeful outlook for the future. Don’t miss this action-packed episode filled with expert advice, industry secrets, and forward-thinking insights!

Visit us today: https://www.globallegallawfirm.com/

A payments podcast of Global Legal Law Firm

Discover the surprising world of Bitcoin's early adopters and their unconventional use cases! From car dealerships to strip clubs, we uncover the intricate issues of chargebacks and fraud in these sectors. This episode features a special guest, Anthony Dominguez from AMP Payment Systems, who shares his unique Airbnb investment strategy and the recent changes in Airbnb's payment system. We also dissect the murky waters of junk fees in payment processing, particularly the complexity of interchange rates that merchants face.

AMP Payment Systems' innovative approach to merchant services is a game-changer. Anthony elucidates their mission to provide flexible, solution-oriented services for both low and high-risk accounts. We tackle the unique challenges faced by merchants on the TMF list and AMP's commitment to tailored solutions. Post-COVID, the credit card processing industry has evolved, and AMP's adaptability is highlighted. This episode dives into the criteria AMP considers when forging partnerships, emphasizing the necessity for flexibility and innovation.

High-risk merchant accounts, the future of cryptocurrency payments, and the importance of trust in business form the crux of our discussion. Anthony shares a personal journey from the mortgage industry to payments post-2008 market crash, underscoring the sector's unpredictability. We explore the potential resurgence of crypto under different political landscapes and why widespread adoption remains challenging. Finally, we shine a spotlight on AMP's mission to support businesses with dedicated customer support and strategic solutions, making this episode a must-listen for anyone interested in the payments landscape.

Visit our friends over at AMP Payment Systems: https://amppaymentsystems.com/

Visit Global Legal Law Firm:
https://www.globallegallawfirm.com/

A payments podcast of Global Legal Law Firm

Unlock the secrets of payment facilitation and discover how trust shapes our financial decisions. Join us as James Huber and Jeremy Stock sit down with the Chief Sales Officer, Brandon Zorner, of Exact Payments, who offers an insider's view into the role of non-bank entities like Western Union in delivering secure financial services. Why do some people prefer cash transactions and non-traditional financial services? Find out how trust factors come into play and why these alternatives remain popular.

Ever wondered how payment facilitators like Exact Payments streamline merchant onboarding and payment processes? We unpack the intricacies of the Payfac model, using Toast, a restaurant software platform, as a prime example. Learn what it means to be a "merchant of record" and how efficient onboarding and compliance add significant value. We also contrast these modern solutions with traditional payment gateways and merchant accounts, highlighting their advantages and challenges.

Finally, journey with us through the diverse landscape of business payment solutions. Our guest shares their fascinating career path, from working in Bolivia for a crowdfunding company to joining Western Union in San Francisco. Explore Western Union's ongoing relevance and the trust factors that keep it viable amidst modern payment alternatives like Venmo and Zelle. We also delve into the implications of new systems like FedNow and RTP, shedding light on how Exact Payments helps businesses integrate these advanced solutions. Don't miss out on these invaluable insights into the evolving world of payments!

Visit our guest: Exact Payments https://exactpay.com/

Visit us at:
https://www.globallegallawfirm.com/

A payments podcast of Global Legal Law Firm

Unlock the secrets of thriving as an independent merchant agent in the fiercely competitive payments industry with our special guest, Josh Holden from Card Connect. From the financial challenges of Southern California to the critical transition from bank-fed sales to independent agency, Josh brings his extensive experience from Wells Fargo, First Data, and Heartland to the table. This episode is packed with his invaluable insights on building a robust client base and navigating an industry where smaller firms often struggle to survive against larger, well-established competitors.

Explore the contentious issue of clawback letters and the financial headaches they cause for small agencies and ISOs. We'll dissect the importance of customer service, legal advice, and how software-driven processing mandates are reshaping the industry. Josh's practical advice on survival strategies and industry adaptation offers a lifeline to those struggling to stay afloat amidst evolving market dynamics. If you've ever faced unexpected financial burdens in your business, this segment is a must-listen.

Discover the latest trends in the payments industry, from the nuisance of junk fees to the revolutionary potential of AI in business operations. Josh shares his thoughts on leveraging AI for digital marketing, enhancing communication with clients, and building a personal brand through consistent social media efforts. Whether you're a seasoned professional or new to the payments sector, Josh's strategies for strategic growth, customer-centric approaches, and community partnerships will provide you with the tools you need to achieve business success. Tune in and transform the way you approach the rapidly evolving payments landscape.

A payments podcast of Global Legal Law Firm

Unlock the secrets of the payment processing world with insights from Elaina Smith, the Chief Financial Officer at Secure Bancard. Discover how Elaina transitioned from a career in public accounting to co-founding a leading wholesale Independent Sales Organization (ISO) with her husband. Her journey is a testament to adaptability and continuous learning in a fast-paced industry where every day presents new challenges and opportunities.

Explore the inner workings of a wholesale ISO that insources critical activities usually outsourced to processors, and understand the significance of protecting relationships with clients in high-risk sectors like CBD and auto warranties. Elaina shares her expertise on risk management strategies that keep businesses afloat amidst financial and reputational challenges. Gain a deeper understanding of the regulatory landscape and how it affects merchant operations, especially those categorized under high-risk portfolios.

Dive into the complexities of merchant education within the payment processing industry. Learn about the challenges merchants face, from chargebacks to transaction laundering, and the crucial role agents play as trusted advisors. Elaina discusses the intricacies of implementing faster funding methods, the relentless battle against fraud, and the technology investments necessary for staying competitive. Finally, hear about the ongoing issue of identity theft and the MATCH list, along with the rigorous processes involved in risk assessment and merchant support. This episode is packed with valuable insights for anyone interested in the ever-evolving payment processing sector.

Visit Elaina Smith at Secure Bancard: https://securebancard.com/

As always find The Payments Experts Podcast:
https://www.globallegallawfirm.com/podcasts/

A payments podcast of Global Legal Law Firm

Are you ready to understand the transformative power of changing marijuana regulations on both business and society? Join us for an eye-opening discussion with managing partner James Huber and associate attorney Matthew Luciani as we explore the high stakes surrounding marijuana law reform. From the staggering incarceration rates for marijuana offenses to the profound racial disparities in drug law enforcement, we'll examine how potential rescheduling could revolutionize the landscape. Discover historical milestones like the Ogden memo and consider the potential easing of banking restrictions that could benefit cannabis businesses.

Learn how the classification of marijuana as a Schedule I drug has far-reaching consequences for sentencing, business operations, and financial regulations. We investigate the implications of the Safe Banking Act and the potential shift to Schedule III, which may unlock opportunities in tax deductions and streamline banking processes for cannabis enterprises. Engage with our in-depth analysis on how regulatory changes could distinguish between recreational and medicinal dispensaries, affecting payment processing and federal banking interactions. This episode is a must-listen for anyone eager to stay informed about the evolving regulatory environment of the cannabis industry.

Visit Global Legal Law Firm:
https://www.globallegallawfirm.com/podcasts/

A payments podcast of Global Legal Law Firm