Payments
Payments companies power the modern economy, enabling seamless money movement for consumers and businesses worldwide. We help payments providers navigate the intricate regulatory landscape governing money transmission, payment processing, and emerging payment technologies.
Explore Case Studies
No items found.
Our clients engage FS Vector directly across a range of areas critical to their payments business:
- Licensing and compliance. We support payments providers in obtaining and maintaining money transmission licenses, payment instrument seller licenses, and other state registrations across all 50 states and territories.
- Product design and development. We advise on the regulatory implications of new payment products, including digital wallets, peer-to-peer payments, cross-border payments and remittances, payroll solutions, payment facilitation (payfac), and embedded payment features, among others.
- Bank partnership programs. Payments companies work with us to structure and manage relationships with sponsor banks, including oversight frameworks, compliance obligations, and risk management protocols.
- Regulatory advisory. We provide guidance on BSA/AML compliance, OFAC sanctions screening, consumer protection requirements, funds transmission regulations, and payment network rules.
- Market entry and strategic roadmaps. Payments providers engage us to plan domestic expansion, international market entry, and strategic partnerships with complementary service providers.
- Bank chartering. We assist firms looking to acquire or establish de novo banks, including those seeking principal membership of card networks, Federal Reserve master account access through full service and limited purpose charters like Georgia’s Merchant Acquirer Limited Purpose Bank (MALPB) and Connecticut’s Innovation Bank charter.
- Government relations and political intelligence. We represent payments companies before federal and state regulators and legislators on issues affecting the payments ecosystem, including state money transmission modernization efforts.
- Examinations support. We provide comprehensive support for state examinations, federal regulatory reviews, and third-party audits of compliance programs.
- CFES membership. Payments companies join the coalition to collaborate with industry peers and advocate for policies that support innovation and financial inclusion.