California Money Transmitter License – Basic Information Getting a Money Transmitter License for California is considered one of the most difficult tasks in the industry. Included in the ‘Big 3’ licenses, the Golden State’s regulations are even more complicated than the other two – New York and Texas – for money services businesses to navigate. …
Here are some interesting statistics about the US payment system (as extracted from the 2013 Federal Reserve Payments Study) The estimated annual number of unauthorized transactions (third-party fraud) in 2012 was 32.3 million, with a value of $6.4 billion. Among general-purpose card payments in 2012, card-not-present fraud rates were estimated to be approximately 3 times card-present …
Bitcoin’s future might come down to David versus Goliath. Nasdaq, the stock exchange known for its high-tech stocks, and Marc Andreessen, the venture capitalist who co-founded Netscape, could soon …
