The new MONEY SERVICE BUSINESS ASSOCIATION – MSBA – is announced in the US

The organizing committee, in its first public announcement, stated: “The MSBA is a trade association focused on the non-bank money services industry, including licensed money transmitters and their agents/authorized delegates, payment card issuers and distributors, payment processors, international remittance companies, bill payment companies, mobile payment application providers, payment aggregators, virtual currency exchanges and administrators, eWallet providers…

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MTRA – The Money Transmitters Regulators Association

The Money Transmitters Regulators Association will hold its 25th Annual Conference in October 6-9 in Kansas City Missouri. This conference is mainly attended by regulators from all the states that license Non-Bank Financial Institutions that are required to obtain a license to offer their services to customers in their state. The Money transmitter industry is also present…

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The Periodic Table of Remittances

Faisal Khan, a Banking, Payments & Fintech Consultant in Dubai has compiled an impressive list of everything related to Money Transfers that he has collected graphically in a Periodic Table of Remittances. The impressive list of around 160 items has been divided in categories such as Comparison Sites, Influential Regulators,Platforms, Emerging Players, Incumbent Players, Payment Networks, Niche Players, Data Sources, People, Software, Airtime Transfers, Conferences, Forums, Blogs and Bitcoin based Money Transfer / Remittances. In People, Faisal humbly avoided including his name, so I did include him; that’s the only difference here. Some of you are missing! If you are not listed contact Faisal through his blog or contact us. To see/download a pdf, see here.

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LEBANON: Remittance Inflows & Outflows

Remittances of Lebanese expatriates increased from USD $7.86B in 2013 to $8.9B in 2014, up 13.2%. The World Bank attributed the increase in remittances in part to those sent to Syrian refugees in Lebanon by their relatives abroad. Although the data for outflows from the country has only been published until June 2014, in 2013 it reached a level very close to 5 Billion USD (same level in 2009, maximum ever recorded).

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The House Financial Services Committee Letters

Just two weeks after the end of our IMTC USA 2015 Conference in Las Vegas, where we had a great panel on Bank Discontinuance entitled “Financial Access for the Money Transfer Industry – One step forward, two steps back? brilliantly moderated by Connie Fenchel with panelists Deborah Thoren-Peden from Pillsbury Law and Thomas Fleming from TF & Associates, the Republican leaders on the US House Financial Services Committee sent letters to the federal financial regulatory agencies asking to publicly disavow their “past, present, and future involvement in Operation Choke Point or any similar operation”. You can read the OCC letter here: http://bit.ly/1aP00Nu.

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