Cynthia Merrit | THE PAYMENTS BLOG

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“Alternative Payment” Providers–Walmart, PayPal, Google and Facebook–are the new faces of money service businesses

March 14, 2012

The classification of a money service business (MSB) in the past has never generated positive connotations or excitement. Bankers audibly groaned when the those three words were mentioned. MSBs were often located in less than desirable locations and considered taking advantage of the poor due to the fees charged for payday lending and being havens […]

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