Compliance Services for Payment Providers
We Help Payment Services Companies Navigate Compliance
From registration to day-to-day compliance, we work with US and European payment providers to help them mitigate regulatory risks. Our team supports your licensing, builds your compliance program, and manages ongoing operations so you can focus on your product.
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Challenges
Compliance for Payment Services Is Challenging
Compliance for Payment Services Is Challenging
Payment providers deal with different rules depending on where they operate, who their customers are, and how their products work. In the US, almost every state has its own licensing process. In Europe, firms must meet strict safeguarding, capital, and AML rules.
Payment providers deal with different rules depending on where they operate, who their customers are, and how their products work. In the US, almost every state has its own licensing process. In Europe, firms must meet strict safeguarding, capital, and AML rules.
Licensing Is Fragmented
In the US, money transmitter licenses are handled state by state. In the EU, each member country has its own regulator.
Licensing Is Fragmented
In the US, money transmitter licenses are handled state by state. In the EU, each member country has its own regulator.
Licensing Is Fragmented
In the US, money transmitter licenses are handled state by state. In the EU, each member country has its own regulator.
Safeguarding Customer Funds
Regulators require strong safeguarding controls. That means managing separate accounts, daily reconciliations, and audits.
Safeguarding Customer Funds
Regulators require strong safeguarding controls. That means managing separate accounts, daily reconciliations, and audits.
Safeguarding Customer Funds
Regulators require strong safeguarding controls. That means managing separate accounts, daily reconciliations, and audits.
Growing AML and Fraud Risk
Payment systems are often targeted by fraud and money laundering. Compliance programs need to catch issues fast and meet evolving standards.
Growing AML and Fraud Risk
Payment systems are often targeted by fraud and money laundering. Compliance programs need to catch issues fast and meet evolving standards.
Growing AML and Fraud Risk
Payment systems are often targeted by fraud and money laundering. Compliance programs need to catch issues fast and meet evolving standards.
Regulators
Who Regulates Payment Providers?
If you're building or running a payment service, you'll be dealing with regulators across jurisdictions. In the US, FinCEN handles AML obligations while states manage money transmitter licensing. In Europe, each member state has its own regulator for payment and e-money institutions, with different applicable EU-level frameworks.
Frameworks
Key Frameworks That Apply to Payment Providers
Key Frameworks That Apply to Payment Providers
Whether you’re registered as a money transmitter in the US or licensed as a payment or e-money institution in Europe, your compliance program needs to follow specific rules. These include AML laws, data protection, and regulations focused on how payments are processed and funds are held.
Whether you’re registered as a money transmitter in the US or licensed as a payment or e-money institution in Europe, your compliance program needs to follow specific rules. These include AML laws, data protection, and regulations focused on how payments are processed and funds are held.
How We Help
Let Us Manage Compliance While You Focus on Growth
01
We Help You Get Licensed
Whether you're applying for money transmitter licenses in the US or registering as a Payment Institution or EMI in Europe, we can guide you through the full process.
01
We Help You Get Licensed
Whether you're applying for money transmitter licenses in the US or registering as a Payment Institution or EMI in Europe, we can guide you through the full process.
02
We Build Your Compliance Program
We create policies and procedures based on your product and risk profile, and help you set up tools, vendors, and workflows that align with regulatory expectations.
02
We Build Your Compliance Program
We create policies and procedures based on your product and risk profile, and help you set up tools, vendors, and workflows that align with regulatory expectations.
03
We Manage Your Daily Compliance Tasks
We handle the day-to-day tasks, such as reviewing alerts, managing communications, and tracking filings, so your team can stay focused on product and growth.
03
We Manage Your Daily Compliance Tasks
We handle the day-to-day tasks, such as reviewing alerts, managing communications, and tracking filings, so your team can stay focused on product and growth.
04
We Can Fill Key Compliance Roles
If you need experienced professionals to meet regulator expectations, we can serve as your outsourced compliance officers or principals.
04
We Can Fill Key Compliance Roles
If you need experienced professionals to meet regulator expectations, we can serve as your outsourced compliance officers or principals.
Why InnReg
Reliable Compliance Partner for Payment Providers
We’ve supported early-stage startups, global fintechs, and complex payment models that don’t fit the usual mold. Our team works as your compliance department, from setting up policies to managing risk reviews, without slowing you down. We understand how to mitigate regulatory risks while working at a startup pace.
Decades of Experience
Our team brings together multiple decades of cumulative experience in regulatory compliance and fintech.
Decades of Experience
Our team brings together multiple decades of cumulative experience in regulatory compliance and fintech.
Full-Service Solutions
InnReg can cover your entire compliance journey, from strategic planning to daily operations.
Full-Service Solutions
InnReg can cover your entire compliance journey, from strategic planning to daily operations.
Seamless Integration
InnReg's team integrates into your organization to complement your existing resources and structures.
Seamless Integration
InnReg's team integrates into your organization to complement your existing resources and structures.
Expertise on Your Niche
Work directly with our regulatory specialists, each selected for their unique expertise in your specific niche.
Expertise on Your Niche
Work directly with our regulatory specialists, each selected for their unique expertise in your specific niche.
Worldwide Expertise
With a diverse team around the globe, InnReg supports international firms in navigating multi-jurisdictional landscapes.
Worldwide Expertise
With a diverse team around the globe, InnReg supports international firms in navigating multi-jurisdictional landscapes.
Cost-Effective Services
Compliance outsourcing for financial services firms can provide significant cost savings while promoting innovation.
Cost-Effective Services
Compliance outsourcing for financial services firms can provide significant cost savings while promoting innovation.
Resources
Latest Content
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Jul 31, 2025
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Apr 22, 2025
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Mar 31, 2025
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Aug 22, 2024
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FAQ
Answers to Common Questions from Payment Providers
Answers to Common Questions from Payment Providers
What licenses do I need to offer payment services in the US?
What licenses do I need to offer payment services in the US?
What is the difference between a Payment Institution and an Electronic Money Institution in the EU?
What is the difference between a Payment Institution and an Electronic Money Institution in the EU?
Do I need separate payment licenses for the UK and the EU?
Do I need separate payment licenses for the UK and the EU?
What AML requirements apply to US payment companies?
What AML requirements apply to US payment companies?
What are safeguarding rules, and do they apply to my payment business?
What are safeguarding rules, and do they apply to my payment business?
How much capital is required to become a licensed payment provider?
How much capital is required to become a licensed payment provider?
Do I need to file suspicious activity reports (SARs) as a payment services provider?
Do I need to file suspicious activity reports (SARs) as a payment services provider?
Do payment providers need to monitor transactions in real time?
Do payment providers need to monitor transactions in real time?
What is the role of transaction limits in compliance?
What is the role of transaction limits in compliance?
What is a Payment Institution under PSD2?
What is a Payment Institution under PSD2?
Let's Discuss Your Compliance Needs
Let's Discuss Your Compliance Needs
Who We Serve
Compliance Services
Compliance Consulting
Compliance Operations
Licensing Services
Resources
About InnReg
The content provided on this website is for informational purposes only and does not constitute legal, investment, tax, or other professional advice. InnReg LLC is not a law firm, tax advisor, or regulated financial institution. Viewing this site or contacting InnReg does not create a client relationship. Results described in case studies or testimonials may not be typical and do not guarantee future outcomes. Tools, spreadsheets, or guides available on this site are provided for illustrative purposes only and should not be relied upon without professional guidance. Any links to third-party websites are provided for convenience and do not constitute endorsement or responsibility for their content. The information on this site may not be applicable in all jurisdictions. While we strive to provide accurate content, we make no representations as to its completeness or timeliness. Some visual assets on this site are sourced from Freepik.
Who We Serve
Compliance Services
Compliance Consulting
Compliance Operations
Licensing Services
Resources
About InnReg
The content provided on this website is for informational purposes only and does not constitute legal, investment, tax, or other professional advice. InnReg LLC is not a law firm, tax advisor, or regulated financial institution. Viewing this site or contacting InnReg does not create a client relationship. Results described in case studies or testimonials may not be typical and do not guarantee future outcomes. Tools, spreadsheets, or guides available on this site are provided for illustrative purposes only and should not be relied upon without professional guidance. Any links to third-party websites are provided for convenience and do not constitute endorsement or responsibility for their content. The information on this site may not be applicable in all jurisdictions. While we strive to provide accurate content, we make no representations as to its completeness or timeliness. Some visual assets on this site are sourced from Freepik.
Who We Serve
Compliance Services
Compliance Consulting
Compliance Operations
Licensing Services
Resources
About InnReg
The content provided on this website is for informational purposes only and does not constitute legal, investment, tax, or other professional advice. InnReg LLC is not a law firm, tax advisor, or regulated financial institution. Viewing this site or contacting InnReg does not create a client relationship. Results described in case studies or testimonials may not be typical and do not guarantee future outcomes. Tools, spreadsheets, or guides available on this site are provided for illustrative purposes only and should not be relied upon without professional guidance. Any links to third-party websites are provided for convenience and do not constitute endorsement or responsibility for their content. The information on this site may not be applicable in all jurisdictions. While we strive to provide accurate content, we make no representations as to its completeness or timeliness. Some visual assets on this site are sourced from Freepik.