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Stephen A. Aschettino is an accomplished counselor and trial attorney with more than 20 years of experience handling a wide variety of complex business law and high-stakes litigation matters. His practice includes a particular focus on legal and business issues impacting payment systems and the evolving payments technology industry.

A payments-industry veteran and former general counsel, Stephen is uniquely equipped to counsel financial institutions, technology companies, payment processors, merchant acquirers, cash advance providers, ATM companies, FinTech startups and other players in the payments space. He assists clients with electronic payments, mobile payments, prepaid card, money transmitter, digital currency and licensing issues. Stephen has extensive experience with new product development, negotiating and drafting key sponsorship and processing agreements, structuring inter-company transactions and portfolio acquisitions and resolving contractual disputes. He regularly counsels on federal and state consumer and financial regulatory issues, data privacy and security, and compliance with Payment Card Industry (PCI) Data Security Standards, NACHA and card-association rules. Stephen frequently serves as outside general counsel to PayTech companies.

In addition to his payments expertise, Stephen maintains a diverse business litigation practice. He has served as lead trial and appellate counsel in commercial, insurance, bankruptcy and products liability cases and has been responsible for national and regional litigation portfolios for companies in a variety of industries, including financial services, e-commerce, insurance and manufacturing. Stephen’s clients have ranged from Fortune 500 to early growth companies, as well as corporate executives. He has also represented court-appointed fiduciaries in bankruptcy and other distress situations.

Stephen is widely recognized as a thought leader on payments and cybersecurity issues. He has published articles, been interviewed or quoted in publications such as Investor’s Business Daily, Inside Counsel, Transaction Trends, ISO & Agent, Payments Source, SC Magazine and The National Law Review. Stephen was recognized as one of the top five payments-industry attorneys nationwide by ISO & Agent, and he was the only attorney to serve as a judge and the moderator of the 2016 “Payments Pitch-Off” competition at the Electronic Transactions Association’s Transact 16.

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  • American University Washington College of Law, J.D.
  • Cornell University, B.S.

Court Admissions

  • U.S. Court of Appeals, Second Circuit
  • U.S. District Court for the Southern District of New York
  • U.S. District Court for the Eastern District of New York

Bar Admissions

  • New York


  • Member, Lawyers’ Committee, Electronic Transactions Association
  • Member, Association of Insolvency and Restructuring Advisors
  • Member, Turnaround Management Association
  • Member, American Bankruptcy Institute
  • Member, Hispanic National Bar Association