Money transmission definition

Money transmission means any of the following:

Money transmission means selling or issuing payment instruments, stored value, or receiving money or monetary value for transmission. The term does not include the provision solely of delivery, online or telecommunications services, or network access.

Money transmission means the transmission of money or monetary value, without a Payment Account being created in the name of the payer or the payee, where funds are:

Examples of Money transmission in a sentence

• The principal activities of the Issuer comprise the following: • The receipt and acceptance of customers’ money on deposit in current, savings and term accounts which may be denominated in euro and other major currencies;• The provision of advances by way of short and longer term loans and subscription to private bond issues;• Money transmission services via SWIFT;• Factoring services;• Debit and Credit card issuance;• Internet banking services; and• Cash and treasury management services.

• Money transmission businesses and those that deal in traveler's checks or money orders are under a similar obligation for suspicious activities involving more than $2,000, 31 U.S.C. 5318(g), 31 C.F.R. §103.18.

• Money transmission and stored value transactions performed online are still payments transactions.

• Money transmission and data driven integrated services are also forecast to rapidly evolve in the coming years with numerous new players entering the payments environment, facilitated by regulatory and market forces such as the revised Payment Services Directive (EU) 2015/2366 ("PSD2") which aims to reduce fraud while opening up payment markets to new entrants.

• Money transmission will be used broadly, encompassing funds transfers, sale of payment instruments, and prepaid or stored value.

More Definitions of Money transmission

Money transmission means to engage in the business of the sale or issuance of payment instruments, stored value, or of receiving money or monetary value for transmission to a location within or outside the United States by any and all means, including wire, facsimile, or electronic transfer. Notwithstanding any other provision of law, "money transmission" also includes bill payment services not limited to the right to receive payment of any claim for another, but does not include payment processing activities conducted for a merchant under an agency relationship.

Money transmission means the sale or issuance of exchange or engaging in the business of receiving money for transmission or transmitting money within the United States or to locations abroad by any and all means including but not limited to payment instrument, wire, facsimile, or electronic transfer.

Money transmission means to engage in the business of:

Money transmission means receiving money or its equivalent

Money transmission means engaging in the business of issuing or selling payment instruments or stored value, receiving money or monetary value for current or future transmission or the business of transmitting money or monetary value within the United States or to locations outside the United States by any and all means including, but not limited to, payment instrument, wire, facsimile or electronic transfer.

Money transmission means receiving money or monetary value for transmission by wire, facsimile,

Money transmission means to engage in the business of the sale or issuance of