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Education

the ISO in being relieved from its as and when we collate it. (Some of you know how much we love lists, charts
liability for minimums. Most ISOs, and more lists). In the meantime, stay healthy and safe in anticipation of (hope-
however, do not sell to only amuse- fully) a surge larger than any of us could have ever imagined in electronic pay-
ment parks and will face a challenge ments and crypto when the COVID-19 crisis is over.
of proving that the circumstances are
a force majeure, in particular given In publishing The Green Sheet, neither the author nor the publisher is engaged in rendering legal,
that online sales are surging right accounting or other professional services. If legal advice or other expert assistance is required,
now.
the services of a competent professional should be sought. For further information on this article,
Case Study 2: Crypto platform please contact Adam Atlas, attorney at law, by email at atlas@adamatlas.com or by phone at
inoperable because of COVID-19 514-842-0886.
Suppose key officers (for example, the
CIO or CCO) at a crypto wallet or ex-
change were all out of action because
of COVID-19 for an extended period
of time. Suppose as well that, despite
having (often legally required) disas-
ter recovery and business continuity We believe
plans, those plans were ineffective
because other key personnel were
out of commission. in your

The crypto business grinds to a halt.
Customers will be frustrated because
they are not able to get support or success.
possibly access their assets. Here, a
court might look to the crypto opera-
tor to have had a more robust disas- Maverick is committed to developing the best
ter recovery plan. technology with agents and partners in mind.
Unlike others, our technology was built from scratch.
Assuming the problems are not
caused by infrastructure (for exam- A true full-service provider with proprietary
ple, Amazon down) or orders to close technology to power agents with end-to-end tools.
by the state, the crypto business will Family owned/operated providing the dexterity
have a harder time arguing that they needed to make you successful.
were legally relieved of their obliga- Backed by our 20+ years of experience.
tions on account of force majeure.
The reason for this is that, in this • All operations handled • Frictionless merchant
case, the causes are not external to in-house onboarding & digital
the business. • Aggressive buy-rates application with simple
and transparent sign with your cursor
Cases decided on the basis of the CO- revenue sharing • Branding options to
VID-19 pandemic will be studied in • High-risk merchants white label the entire
law schools for the next 100 years. I accepted & multiple experience
hope none of our readers are the ba- sponsor banks • Proprietary payment
sis of that new law. • White-glove 24/7/365 gateway
support • Cash discount &
Community service: Pro bono • Quick merchant funding surcharge programs
advice on force majeure clauses (next & same-day and instant • Terminal placement &
settlement coming soon) bonus options
As our way of giving back to the pay-
ments and crypto community that The future is
sustains us, my colleagues and I will
provide free review of any force ma-
jeure clause in payments or crypto.
Our whole team is actively research-
ing solutions for the financial servic- Learn more at www.maverickpayments.com
es sector for these difficult times, and 800.464.9777
we will share all useful information Maverick™ is a registered trademark of Maverick BankCard, Inc. Maverick is a registered ISO of Avidia Bank, Hudson, MA;
Esquire Bank NA, Jericho, NY; Mission Valley Bank, Sun Valley, CA. Copyright © 2000-2020. All rights reserved.
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