Tuesday, January 27th, 2015
• Jan 26, 2015 – 5:38 pm
@TransferWise 58M investment unveiled. Horowitz: We see massive opportunity for new financial institutions such as TransferWisehttp://ow.ly/HZ4CQ
• Jan 26, 2015 – 11:10am
Think Online: financial services used at storefronts saw falling revenue while & mobile-based models thrivedow.ly/HUVlB
• Jan 26, 2015, 10:35am
@Xoom adds Touch ID to #mobile #funds #transfer app ow.ly/HWJka
• Jan 22, 2015, 6:41pm
2030: Is Bill Gates betting on mobile banking as headline suggests or is he really betting on mobile money providers?ow.ly/HNeLV
DEVELOPING PARTNERSHIPS WITH US LICENSED MONEY TRANSMITTERS
State Licensing Laws, Authorized Delegates and Innovation in the Money Transfer Industry
We all know that technology and the creativity surrounding the tech revolution is inspiring a vast number of payment innovations. Online financial services, mobile payments, eWallets, bitcoin & the virtual currencies explosion, smarter ATMs, tools such as contactless chips, beacons, geo-location, are seeking to make payments more inclusive, easier to use, to track and to market, safer, faster, more efficient, more tailored to every user, etc.
But where moving money is concerned there are always a number of issues that are continuously haunting the payments world, from the use of its methods, protocols, networks and tools for illegal activities to the possibility of scams and fraud. And the Money Transfer Industry in the US understands regulation and the need for licensing to fence off these issues. But is this regulation chocking up innovation in the US?
Judie Rinearson asks: “How can smart, talented entrepreneurs possibly develop and launch innovative new payment programs and still remain compliant in this environment?”. Please read my article on the issue of licensing and authorized delegate relationships and Judie’s article in the American Banker. And join in the conversation, commenting the post or going into the IMTC Linkedin Group and giving your comments there.
AGENDAS FOR IMTC CONFERENCES
Looking for great ideas
Building agendas for IMTC Conferences is always a time consuming – but interesting and constructive – challenge. The vast array of studies, research, news, developments in the Money Transfer Industry, all around the globe, is quite impressive. So, if you have a great idea for a panel or a presentation, contact me. You can be a speaker or be part of a panel and share your views on the stage!
Note: Equally impressive, I must ad, is the large investments announced this week for TransferWise. Investors are pouring money in digital channels and although traditional MTOs are slowly developing their online models, I feel that disruption is coming faster than it seems in the street. Are we hearing the rumble but we are not seeing the avalnche coming?