Call Today: 1-888-788-5353
g2 web services

Blog

When you say Third-Party Payment Processor (TPPP) or Know Your Customer (KYC) supervision, most US banks think first of prudential regulators. In particular, the Office of the Comptroller of the Currency (OCC) oversees nationally chartered banks and…

Post Categories: Blog

Last week we had the opportunity to attend the Merchant Acquirer Committee’s regional conference in Los Angeles, where I was impressed by the quality and depth of the information presented.

Post Categories: Blog

With the presidential election upcoming in 16 months, bank regulations are becoming an increasing part of the national discourse. Even Rick Perry said he wants to break up banks, putting him in the same company as President Obama and Elizabeth Warren.

More central to the debate than bank size is consumer protection. What is the right amount of consumer protection?

Post Categories: Blog
money laundering

In a practice referred to as “derisking,” banks have been avoiding customer classes with a higher propensity for money laundering and terrorist financing activity. But as certain business types like charities, remittance facilitators, crypto-currencies, and other money service businesses (MSBs) lose access to banking altogether, regulators are trying to course-correct.

The FDIC backtracked from initial guidance to avoid certain classes of customers. As stated in FIL-5-2015:

Post Categories: Blog

See how our solutions can help you.

Call Today:

1-888-788-5353

+31 613630399

us uk