Money transmitter
Business that provides money transfer services or payment instruments / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Money transmitter?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
In the legal code of the United States, a money transmitter or money transfer service is a business entity that provides money transfer services or payment instruments.[1] Money transmitters in the US are part of a larger group of entities called money service businesses, or MSBs.[2] Under federal law, 18 USC § 1960, businesses are required to register for a money transmitter license where their activity falls within the state definition of a money transmitter.[3]