Money services
Money services moves funds only through the payments rail; a Startup that transmits money, issues stored value, or lends needs a licensed upstream.
| Property | Value |
|---|---|
| Wakes | An Offer holds, moves, exchanges, or lends money for others. |
| Process | Screening |
| Signs | Legal Lead, Legal Team |
| Sources | 31 U.S.C. 5330 and 31 CFR 1010.100(ff); state money transmitter acts; state lending licence laws |