Direct settlement with FinCEN-registered institutions and state-level money transmitters, across California, New York, Texas, Florida, and Illinois.
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FinCEN-registered institutions and state-level money transmitters, under one connection into the network.
Who settles here
Three kinds of members settle through the North America corridor today.
Money services businesses registered with FinCEN, settling directly with other verified network members.
Correspondent and challenger banks extending North American reach without opening new branches or negotiating new nostro relationships.
Licensed money transmitters operating state by state, settling through one connection instead of managing separate relationships per state.