Payment Facilitator Mobile Business Compliance Security Payments Industry
Streamlining of State Regulatory System Continues, Slowly
The varied state approaches to money transmitter laws are a common headache for many payment facilitators. Affected companies dream of a uniform system, where adhering to the requirements in one state means that you can operate in other states as well.
The road to that system is long, but the good news is, baby steps down the path are continuing.