NewswireToday - /newswire/ -
Tacoma, WA, United States, 2013/08/19 - Meracord leverages its money transmitter platform and nationwide state license portfolio to appoint authorized companies to operate as its agents. As an agent, companies will offer compliant payment services and engage in money transmitter activities.
Meracord, provider of compliant payment services, announces its ability to appoint agents, leveraging its money transmitter platform and nationwide state license portfolio. As an agent of Meracord, companies will demonstrate a high standard of compliance as they continue providing innovative services to customers while benefiting from Meracord’s robust compliance infrastructure and oversight.
As a complement to its existing payment processing services, Meracord will appoint agents in the emerging payments and financial technology space. This includes newer technology companies in need of payment processing solutions and robust compliance oversight to support online financial products; larger, established companies that require money transmission often related to stored value products; virtual currency transactors that allow consumers to purchase, trade or sell virtual currency credits; and companies that use or support mobile applications.
Meracord, a proponent of payment innovation and compliance, seeks to limit the barriers to entry that obtaining money transmitter licenses represent. “We recognize the difficulty companies face in this fast-paced world associated with compliant money transmission and emerging technology. I know firsthand that this is a grueling, expensive and time-consuming process. In spite of this, we pressed on driven by our commitment to be a fully compliant payment servicer. Now with our ability to appoint agents, companies that work with Meracord will benefit from our expertise and achieve this level of compliance. Meracord is proud to partner with innovative companies who share our commitment to operating in compliance at all times,” said Linda Remsberg, President/CEO of Meracord.
As an agent of Meracord, companies will offer compliant payment services and engage in money transmitter activities on Meracord’s behalf, benefiting from Meracord’s comprehensive payment system and team of compliance professionals. Meracord worked closely with renowned compliance experts at Chartwell Compliance to author and establish agency guidelines, processes and procedures, ensuring companies that Meracord will work with agents to implement a robust program and compliance infrastructure. “Meracord is demonstrating a strong commitment to providing services to emerging payments businesses in a compliant manner. We appreciate our partnership with Meracord and expect Meracord’s program will help permit innovation in the industry to occur in a safe and sustainable manner,” said Daniel Weiss, President/CEO of Chartwell.
Processing payments in all 50 US states and the District of Columbia, Meracord provides value by allowing companies to receive, store and disburse funds in a flexible and compliant manner. With its proprietary Application Programming Interface (API) modules, Meracord works with companies’ existing platform providing the ability to create reserve accounts and execute payments and disbursements, through Automated Clearing House (ACH) / Electronic Funds Transfer (EFT), credit card, debit card, check, or wire transfer.
In business for over 30 years, Meracord (meracord.com) is a leading provider of compliant and comprehensive payment services. Owned by Linda Remsberg, President/CEO, Meracord specializes in trust account management. Meracord is committed to protect people’s payments by providing compliant payment services.