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Bond types · Bond type
Money Transmitter / Payment Services Bond
Payment processing roles differ in who receives funds and owes delivery to the recipient.
3 bonds
Purpose
Payment processing roles differ in who receives funds and owes delivery to the recipient. A financial-services form may secure defined licensing duties or the proper handling of customer funds.
Who needs it
Licensed financial businesses and individuals identifying a bond for their actual regulated activity.
Who it protects
A licensing bond does not insure borrowers against every loss or establish that an investment or lending activity is approved.
Category
Money Transmitter / Payment Services Bond bonds
- District of Columbia — Payment Service Provider BondDistrict of Columbia · Financial services
- Illinois — New Seller or Distributor of Checks BondIllinois · Financial services
- Illinois — Remittance Agent BondIllinois · Financial services
Before you buy
- Describe the payment flow and contractual role.
- List the activities performed and the legal entities performing them.
- Bring the licensing request and relevant account or application identifiers.
Common questions
Does the applicant transmit funds or provide technology without custody?
Describe the payment flow and contractual role. Compare that information with the exact capacity, activity and obligee named in the written request. Similar catalog labels do not establish an interchangeable form.
Is a type guide the bond I should purchase?
A type guide explains the activity. Choose a jurisdiction-associated parent listing and compare its actual source options with your written requirement; the type page is not a purchasable form.