State money transmitter licensing laws are among the most important rules that address the dangers posed by payments, especially in the non-bank payments area.
Very well written article on the tug-of-war between Regulators and MTL Holders/Authorized Delegates. Thank you to @David Landsman for sharing this.
New York State is luxuriating in a budget surplus, courtesy of a few foreign banks.
Lets the games begin! NY Administration heads wrestle for money!
MasterCard has spoken out against bitcoin’s perceived risks and called for a regulatory “level playing field” for payments systems including bitcoin.
MasterCard needs vodka. Hands be shaking.
In my previous article on Small Value Remittances, I highlighted the huge market potential of being able to make small value transfers, be it domestic or cross-border.
No one truly knows the market size for small-value payments, for there isn’t a true data set to which we can compare. Continue reading →
As most of you know, I’m a Quora addict. I love it. With over 3,600+ answers on Quora, I have always wondered what my contributions on Quora stack up in each vertical. Enter Giordan Stark who put up a really cool app to generate a pie chart based on your answers. Continue reading →
In 2013, international migrants sent $413 billion home to families and friends — three times more than the total of global foreign aid (about $135 billion). This money, known as remittances, makes a significant difference in the lives of those receiving it and plays a major role in the economies of many countries. Economist Dilip Ratha describes the promise of these “dollars wrapped with love” and analyzes how they are stifled by practical and regulatory obstacles.
Beautiful and worth watching TED Talk by Dilip Ratha at TED Global. #remittances #moneytransfer
The $9 Billion Witness: Meet JPMorgan Chase’s Worst Nightmare
Now THIS is worth reading. Brave woman! #respect