We are here to help! Payments, especially global payments is an extremely fragmented ecosystem. As much as we would like to be believe everything works flawlessly, it is anything but the case. Payment startups, incumbents and businesses that are engaged in the world of multi-currency payments can find the field extremely daunting and confusing. Challenges […]
Can Startups & Incumbents have access to Money Transmitter Licenses? Startups and incumbents who are in the payments space and would like to work in the US, sooner or later come face to face with the money transmitter license (MTL) obstacle. Depending who you talk to, the answers can be simple or a long drawn […]
Money Transmitter License Law Understanding US Money Transmitter Law is no easy feat. There are federal laws like: FinCEN Consumer Financial Protection Bureau (CFPB) Dodd-Frank Act US Department of Treasury Bank Secrecy Act (BSA) Patriot Act FISMA, etc. Add to this, the money transmitter laws for each state, as rolled out by the financial regulator […]
