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Schulte Roth & Zabel LLP

Work +1 212 756 2000
Fax +1 212 593 5955
London, New York, Washington DC

Donald Mosher

Work +1 212.756.2187
Schulte Roth & Zabel LLP

Work Department

Bank Regulatory, Blockchain Technology & Digital Assets, Financial Institutions, Regulatory & Compliance


Donald J. Mosher, co-head of the firm’s Bank Regulatory Group, focuses his practice on the regulation, acquisition and sale of payments companies and money transmitters, licensing and registration of traditional and non-traditional money services businesses (including online transmitters, global B2B providers and cryptocurrency exchanges) and the laws and practices applicable to mobile, digital, virtual, electronic, paper- and card-based payment products and systems. Don has represented leading banks, payments companies, card associations, money transmitters and private equity firms in transactional and regulatory matters associated with payments, prepaid cards, digital currencies and money transmission. Don recently served as regulatory counsel to Trans-Fast Remittance, a leading money transmitter, in connection with its pending acquisition by MasterCard International; First Data Corporation, a leading payment processor to merchants and financial institutions, in connection its pending acquisition by Fiserv, and Cambridge Global Payments, a leading B2B international payments provider, in its acquisition by FLEETCOR Technologies, Inc.  Don also represented Travelex Group, the world’s largest foreign exchange company, in connection with its acquisition by a consortium led by the owner of UAE Exchange, a leading global money transfer and foreign exchange provider, and Centurion Investments, an Abu Dhabi-based private equity firm; Priority Payments, in its merger with Cynergy Data, creating one of the largest merchant acquirers in the nation; Securus Technologies in its acquisition of JPay Inc., the market-leading technology company that introduced electronic payments to the corrections space, and Securus Technologies in its subsequent acquisition by Platinum Equity affiliated funds; and Gary Jonas Computing Ltd., in its acquisition of substantially all the assets of Club Solutions Inc., a leading provider of payment services and enterprise software in the fitness, sports and leisure industry, from Fiserv Inc. Don has also acted as regulatory counsel to Western Union in its acquisition of Vigo Remittance, Custom House and Travelex Global Business Payments, and to Western Union and Green Dot in their initial public offerings. In recognition of Don’s role as banking and payments law regulatory counsel for First Data Corp. in connection with its acquisition by an investor group for $29 billion, International Financial Law Review awarded SRZ its prestigious Americas Private Equity Deal of the Year Award.

Don is a frequent author and public speaker on topics of interest to the payments industry. He spoke at the Money Transmitter Regulators Association 2017 Annual Conference & Examiners’ School on “Payment Processing – A Deep Dive” and SRZ 28th Annual Private Investment Funds Seminar (2019) on “Blockchain and Digital Assets.” At recent ACI forums, he addressed “The Future of Virtual and Crypto Currencies and the ICO Phenomenon,” “Prepaid Card Compliance 101,” “State Regulatory and Enforcement Efforts Including Latest Challenges Associated with Money Transmitter Licensing Enforcement” and “Evolving State Regulatory and Enforcement Framework Governing Crypto, Virtual and Digital Currencies.” His recent publications include co-authoring “FinCEN Issues Assessment Against Virtual Currency Exchange – the First Enforcement Action Against a Foreign-Located Money Services Business” in PaymentsJournal, “OCC Issues Draft Guidance and Requirements for Fintech Charter Applications” in Bloomberg BNA – Banking Report and “Final Rules Relating to Money Services Business (MSB) Definitions” in the Journal of Investment Compliance. Don has been recognized by The Legal 500 USIFLR1000 and New York Super Lawyers as a leading attorney in banking, mergers and acquisitions and consumer law.


American Bar Association.


St. John’s University School of Law, JD, cum laude (Notes and Comments Editor, St. John’s Law Review); State University of New York at Stony Brook, BA.

United States: Finance

Financial services regulation

Within: Financial services regulation

Schulte Roth & Zabel LLP provides an 'outstanding level of service' to a myriad of participants seeking regulatory advice in the context of banking, payments and trading matters, in particular. Spearheaded by the 'excellent' Joseph Vitale, the team excels at matters at the intersection of the bank regulatory and asset management spheres, and is noted for its 'excellent work for private equity and hedge funds on their banking investments'. Vitale continues to handle a significant amount of bank investment work for Cerberus Capital Management, including recently advising it (as the lead in a private equity consortium) on the acquisition of German bank, HSH Nordbank. He is also extremely well versed on Volcker Rule issues and recently assisted Credit Suisse with the restructuring of its Systemic Market-Making Group in order to fit within certain exemptions of the rule. Praised for his 'understanding, not only of the law but also the regulators', Donald Mosher leads the firm's efforts on the payments regulatory front, from both a standalone advisory perspective and in relation to M&A in the sector. Mosher has advised Ant Financial on several transactions, including its proposed acquisition of MoneyGram. Julian Rainero and Craig Warkol co-chair the firm's broker-dealer regulatory practice and are key members of the financial services regulatory team, which also includes AML and OFAC expert Betty Santangelo. All named attorneys are based in New York.

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