cross border payments

Single State License In the United States – What Can You Do With It?

Startups and would-be entrepreneurs mistakenly think that if they get a license in one state in the United States, they can do business everywhere within the US. They also mistakenly think that if they are incorporated in Montana and get a license there, they are also good to go with regards to money transmitter license …

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Flow of Funds for Correspondent Accounts (for Remittance as a Service) – USA Only

A very quick flow of funds diagram on how remittance as a service works from the US. The PS here is the PLH (Principal License Holder). Key: PSP = Principal License Holder (the entity with the money transmitter licenses) [1] Customer signs up using a Correspondent White-labelled Website [2] All Client Registration, AML, KYC, etc. …

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