Tipalti Money Services Business (MSB)

Money Transmitter Licenses (MTL) Platform Benefits

Not only do we work with blue-chip banks like Wells Fargo and JP Morgan and help you stay compliant with tax and regulatory laws, Tipalti is a licensed money transmitter and registered with the United States Treasury as a money service business. We have spent many years and invested significantly to acquire and maintain our US money transmitter licenses in every state that requires it to ensure there aren’t any disruptions to your payout operations, to provide you with the best customer experience possible, and eliminate the risk of fines and penalties for improper payouts.

As a licensed money transmitter, Tipalti controls the compliance review process, meaning we can approve you in days once you provide the appropriate documentation, so you can get up and running within weeks. Payout providers without MTLs are at the mercy of the bank’s timeline for the due diligence process, which can take upwards of months.

Tipalti is also under the supervision of regulators and directly required to follow the laws designed to protect you. Requirements include having a full-time Chief Compliance Officer (CCO) who ensures compliance with regulations, undergoing annual audits, maintaining financial reserves, and other controls to ensure we meet state-mandated financial safety requirements. Payout providers who don’t have money transmitter licenses are not directly supervised or audited by regulators. Another benefit of working with a provider who has money transmitter licenses is speed of implementation. Our money transmitter licenses guarantee regulatory oversight, giving you confidence we are a partner you can trust.

Contact Tipalti for details around money transmitter licenses in your state.

Continue exploring Tipalti's rich payables platform

Supplier Management
Tipalti’s white-labeled self-service portal offloads data collection to suppliers and lets them choose payment options and view status.

Invoice Workflow Automation
Touchless invoice OCR capture, approval processing, and PO matching for faster, more accurate invoice management 24×7.

Global Payments
Effortless mass payments to 190 countries and 120 currencies without bank portals. Drive cost savings and audibility by shifting toward electronic payment methods.

Tax and Regulatory Compliance
Tipalti’s KPMG-certified compliant tax module automates tax identity collection and validation for IRS and VAT compliance.

Reconciliation and AP Reporting
Instant payment reconciliation and financial reports avoid the time-consuming and error-prone process of manual reconciliations to better guide cash flow decisions.

NetNow Accelerated Payments
Remove the challenge of extending supplier payment terms and offer early payments to them without touching your company’s own cash.

Multi-Entity Support
Manage AP across global and domestic subsidiaries and entities through a single platform, helping finance departments grow and scale compliantly.

Financial Controls
Audit trails and role-based views are just a few of the governance capabilities to mitigate risk and fraud – and ensure compliance.

Secure Cloud Infrastructure
SSAE 16 SOC compliant and ISAE 3402 Type II certified – All data is collected and transmitted securely over HTTPS and PII is stored encrypted using AES.

System Integrations
Connect to ERPs, accounting packages, or performance tracking systems like NetSuite, QuickBooks, and many others to provide closed-loop accounting.

Built-In API
Directly connect to your business applications with Tipalti’s powerful and secure supplier payments SOAP application programmable interface.

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Contact us today to schedule a demo to see if Tipalti can help automate your accounts payable processes.