Can an upcoming startup rent or lease a money transmitter license from someone? Is this even possible? If so, how? Is it legal to rent a money transmitter license? Find out. Here is the article about PreCash I was talking about, you can read it under the sub-heading “Authorized Delegate” Transcript Hello my name is Faisal …
Can I Rent Or Lease A Money Transmitter License? Read More »
Many new fintech and payments startups are now thinking of using bitcoin or other currencies for purposes of remittances. While the gesture is noble, they forget one key element in this flow of funds – what exactly does a central bank look for in remittances? Transcript Hello my name is Faisal Khan and am a …
It is becoming very difficult to find an MSB Friendly Bank today. So how do you go about finding a bank that is an MSB Friendly Bank and will open a bank account for your startup or incumbent? Here are some suggestions. Transcription: Hello my name is Faisal Khan. I’m a banking and a payments …
Applying for a bank account as a fintech startup or an incumbent? Got rejected? Ever wondered why? Is your compliance program up to mark? Is it really good? The best out there? Really? How? Transcription: Hello, my name is Faisal Khan and I’m banking and a payments consultant. And today we’re going to talk about …
MSB Friendly Banks: Is Your Compliance Program Really The Best? Read More »
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 …
Let us help you get an MSB Bank Account If you’re an MSB (Money Services Business) or a MTO (Money Transfer Operator) chances are that access to banking is a huge challenge if not a threat to you. Payments related businesses around the world have been experiencing the pain of getting derisked – i.e. losing …
Detailed Pictorial FAQ (Frequently Asked Questions) about our Remittance-in-a-Box Solution. Remittance-as-a-Service (Frequently Asked Questions). This page describes the original remittance-as-a-service concept (from a graphical story point of view). It is a great to to get a sense understanding of how RaaS works. The updated Frequently Asked Questions for Remittance-as-a-Service can be found here. Updated Remittance-as-a-Service: …
Remittance-As-A-Service (RaaS): Understanding The Ecosystem Read More »
MSB Friendly Banks MSB Business Bank Account Virtual IBAN Payment Account Correspondent Banking Relationship CBR Business Bank Account for Cryptocurrency MSB Banking or Money Services Business Banking are financial services specifically catered for the MSB / Money-Transfer industry. After the introduction of Operation Choke Point, gaining access to banking for the money transfer / money services business …
