Overview
What is Money Services Business Association Inc?
The Money Services Business Association Inc, established in October 2015, is a trade organization that champions the non-bank financial services sector. This sector encompasses licensed money transmitters, their agents, payment card issuers and distributors, payment processors, international remittance companies, and various other entities involved in payments. The Association's primary objectives include advocating for the industry, tracking legislation and regulation, and fostering a better understanding of the secure and beneficial services it offers. By promoting payments innovation, the Money Services Business Association has seen an increase in its membership base.
Official website here: www.msbassociation.org
Is Money Services Business Association Inc legitimate?
Money Services Business Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Money Services Business Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.msbassociation.org
What is the mission statement of Money Services Business Association Inc?
The Money Services Business Association, often referred to as MSBA, was established in October 2015 by prominent industry leaders. Its primary mission is to support the non-bank financial services sector, which includes entities like licensed money transmitters, payment card issuers, and payment processors. The association is also dedicated to tracking legislative and regulatory developments in this field. Moreover, MSBA aims to enhance public understanding and appreciation for the secure and beneficial services provided by the industry. Lastly, the association encourages and promotes innovation in the payments sector through its initiatives.
Official website here: www.msbassociation.org
Who is the CEO of Money Services Business Association Inc?
Aurora Garza Hagan is the Founding Board Member of Money Services Business Association Inc.
Official website here: www.msbassociation.org
What is the revenue of Money Services Business Association Inc?
Money Services Business Association Inc's revenue in 2022 was $362,075.
Official website here: www.msbassociation.org
Who are the executives of Money Services Business Association Inc and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.msbassociation.org
Where can I find the form 990 for Money Services Business Association Inc?
Money Services Business Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.msbassociation.org
Learn more at the official website: www.msbassociation.org
Mission Statement of Money Services Business Association Inc
The Money Services Business Association, often abbreviated as MSBA, was established in October 2015 by prominent industry leaders. Its primary mission is to serve and support the non-bank financial services sector, which encompasses entities such as licensed money transmitters, payment card issuers, payment processors, international remittance companies, and various other money services providers. This association aims to foster a conducive environment for these entities by tracking legislative and regulatory developments, thereby ensuring they operate within legal parameters.
Moreover, the MSBA seeks to enhance public understanding and appreciation of the industry's beneficial and secure services. By promoting payments innovation, the association encourages the adoption of new technologies and practices that can improve efficiency and security in financial transactions. The MSBA's programs have been instrumental in boosting the association's membership, further solidifying its position as a significant voice in the non-bank financial services sector.
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Impact
October, 2024
The Money Services Business Association Inc. (MSBA) plays a vital role in advancing the interests of the non-bank money services industry. By focusing on a diverse range of services—such as money transmission, payment processing, and virtual currencies—MSBA fosters a supportive environment for licensed money transmitters, payment card issuers, and other financial service providers.
Since its inception in October 2015, the MSBA has been instrumental in promoting awareness about the critical functions these services fulfill in facilitating payments and enhancing financial inclusion. Its efforts have significantly contributed to the understanding of how non-bank money services can offer secure and beneficial options to consumers and businesses alike.
Moreover, the association actively engages in tracking legislation and regulatory developments affecting the industry, ensuring that its members are well-informed and can adapt to the evolving financial landscape. This advocacy enhances industry standards and encourages innovation in payments technology, ultimately driving the sector's growth and improving community access to financial services.
Through its programs and initiatives, MSBA has seen an increase in membership, reflecting its impact on establishing a robust network of service providers committed to collaboration and best practices in the money services space. By fostering a united front, the MSBA helps to ensure that the interests of the non-bank financial services industry are represented and that its positive contributions to the economy are recognized.
This information is meant to be a general summary of Money Services Business Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $727
- Gross Receipts: $362,075
Assets and Liabilities:
- Total Assets: $644,056
- Total Liabilities: $324,168
- Net Assets: $319,888
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Organization Details
Founding Year
2015
Phone
(201) 781-2590Principal Officer
Aurora Garza Hagan
Main Address
29 VALLEY VIEW TERRACE, MONTVALE, NJ, 07645
Website
www.msbassociation.orgNTEE Category
Code: S40 - Community improvement
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