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Transmitter


A money transmitter is a person or business entity that transmits money by means of a transmittal instrument for a fee or other consideration. Also known as a Money Services Business (MSB).

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Changes to FBI fingerprint criminal background checks
Licensees who are required to provide their fingerprints to complete a federal criminal background check should be aware that this service will be provided by a new supplier. Idemia (formerly MorphoTrust USA, LLC), will take over the fingerprinting services contract formerly held by Gemalto (formerly Cogent).
 
Licensees who are not registered and fingerprinted before November 18, must wait until November 28 to receive those services through the new provider. The only exceptions that will be made during that time frame will be for individuals who have an issue with a fingerprint taken prior to November 18, and will be reprinted by November 27. Those individuals who do not get their reprint by November 27 will need to re-register with the new provider and will have 90 days to get their reprint at no cost.
 
For FAQs or additional information on fingerprinting services, locations or scheduling an appointment, applicants are encouraged to visit the Idemia supplier website at https://www.identogo.com/locations/pennsylvania or https://uenroll.identogo.com/
 
Money Transmitter Acts
The Money Transmitter Act (Act 129) became effective on January 2, 2017.  Act 129 (PDF) 

 
Federal Government Principles on Responding to Cyber Incidents
A Presidential Policy Directive (PPD-41) released on July 26, 2016, sets forth principles governing the federal government’s response to any cyber incident, whether involving government or private sector entities. For significant cyber incidents, PPD-41 also establishes lead federal agencies and an architecture for coordinating the broader federal government response. Learn more: http://bit.ly/2aeAUtZ.

 

Advisory to Nonprofit and Religious Communities About Unlicensed Money Transmitters
Secretary of Banking and Securities Robin L. Wiessmann today issued an advisory to Pennsylvania’s nonprofit and religious communities about the possible risks to their organizations, members, and stakeholders through the use of unlicensed electronic payment service companies for the purpose of collecting charitable donations. Secretary’s letter [PDF]).
 

Cybersecurity Update
The Federal Financial Institutions Examination Council (FFIEC) members have issued a revised Management booklet, which is part of the FFIEC Information Technology Examination Handbook (IT Handbook). The IT Handbook is available here
 
NMLS
The Department of Banking and Securities uses NMLS to manage money transmitters licensees. Through NMLS, your company will be able to apply for, amend and renew your license/registration authority conveniently and safely online. In order to use NMLS, current licensees must enter their company information onto NMLS by creating a base record and obtaining a unique company identifier.
 
Licensees should direct those who inquire about its license status to the NMLS Consumer Access website at www.nmlsconsumeraccess.org.

 

coNTACT US:

For issues or questions regarding an application, contact the Licensing Office or call 717.787.3717.
 
For compliance issues, contact the Compliance Office or call 717.772.3889. 
 
To file a complaint or ask a question, use our online complaint forms or contact our Consumer Services office at 1.800.PA.BANKS (1.800.722.2657).