Faisal KhanAnswered Nov 10, 2013Possible? Yes, each State has its own definition and as per that definition, the DFI may require you to register within the State as an MSB (or equivalent).
Online Payments: If a company is exempt from MSB status, could it still need money-transmitter licenses in certain states?
Faisal KhanAnswered Nov 10, 2013Does a money transmitter need to notify state regulators when forming an agreement with another transmitter, or can MTOs enter/exit partnerships freely?1 ansDwolla: Does an online money transmitter need a separate money-transmitter license for each U.S. state in which it offers services?1 ansWhat type of license is required if acting as an intermediary in an FX transaction between two parties?1 ansWhat are some common misconceptions regarding MTL?1 ans