Obopay has announced the availability of Obopay Licensed Payment Services for Partners, a new offering that enables partners to leverage Obopay’s money transfer licenses throughout the U.S.
“The Payments market is quite complex and requires expertise in compliance and working with state and federal regulators to ensure proper licensing, oversight and controls,” said Chris Martin, EVP of Operations and Chief Compliance Officer, Obopay. “To obtain money transfer licenses and maintain them in good standing takes a large investment in time, money and specialized people. By working with Obopay, our partners significantly reduce their time to market and are assured of meeting all applicable regulatory requirements.”
Partners can also take advantage of Obopay’s connections to a broad range of payment networks, as well as its risk management, compliance and settlement capabilities that enable companies to deliver additional unique services under their own brands.