MSB payment solutions aren’t just a convenience—they’re a necessity. When you run a money service business (MSB), you need a payment processor that prioritizes compliance, security, and specialized support.
Not all providers are equipped to handle the operational and regulatory complexity MSBs face. So how do you know if your current solution is up to the task?
Let’s break down what it really means to be MSB-ready—and why working with a true partner makes all the difference.
Why MSBs Need Specialized Payment Processing
Money service businesses operate in a high-stakes environment. Between regulatory scrutiny, fraud risk, and evolving compliance standards, MSBs need more than just a plug-and-play solution. They need a MSB-friendly payment processor that understands the industry’s complexity and builds systems to support it.
Whether you’re a check casher, currency exchanger, or another type of MSB, your processor should help you navigate:
- MSB compliance requirements
- KYC and AML protocols
- Secure, high-volume transaction processing
- Flexible banking relationships
If your processor doesn’t check those boxes, it may be time to reassess.
Key Features of MSB-Ready Payment Processors
A truly MSB-ready provider will go beyond basic merchant services. Here’s what to look for:
1. Compliance-First Infrastructure
Reliable MSB payment solutions provide a strong compliance foundation, helping your business meet evolving regulatory standards and maintain trust with financial partners.
Look for built-in tools that support MSB regulatory compliance, including:
- Built-in KYC for payment processors (Know Your Customer)
- AML payment processor monitoring (Anti-Money Laundering)
- Ongoing MSB transaction monitoring for suspicious activity
2. Support for High-Risk Business Models
MSBs are often labeled high-risk—not because of wrongdoing, but due to the nature of the industry. Look for a provider with experience in high-risk payment solutions that won’t leave you stranded mid-process.
The right partner will understand industry-specific challenges, such as regulatory scrutiny and variable transaction patterns, and offer tools that help you operate smoothly and confidently.
This includes:
- Responsive support
- Tailored risk management strategies
- Infrastructure that adapts as your business evolves
3. Flexible, Secure Payment Methods
ACH and check processing are at the heart of many MSBs. A processor that specializes in these can help you streamline operations and reduce costs.
You’ll also want:
- A compliant payment gateway
- Options for secure MSB payments
- Real-time transaction visibility and controls
4. Clear Reporting & Risk Management
Staying ahead in a high-risk industry requires access to meaningful, real-time data. Leading MSB payment solutions provide robust dashboards and reporting tools that support smarter risk management and ongoing compliance.
Your reporting system should include:
- Daily and batch summaries for financial oversight
- Transaction-level data for precise tracking and reconciliation
- Automated alerts to flag unusual activity or compliance issues
Why ReliaFund Stands Apart
Since 2001, ReliaFund has provided trusted MSB payment solutions to check cashers and other money service businesses across the U.S.
Founded by a team of banking, tech, and payment experts, ReliaFund was built specifically to serve small and mid-sized businesses—groups often overlooked by traditional banks and larger processors.
Here’s how we do it differently:
- ACH and Check Processing Specialists – Core services tailored to MSBs.
- Custom Reporting – Intuitive dashboard with transaction-level detail.
- No Long-Term Contracts – Stay with us because it works, not because you’re locked in.
- Customer-First Service – Real people. Real support.
- TPPPA Membership – Active in the Third Party Payment Processors Association to stay ahead of compliance shifts.
And with ReliaFund integrated directly into your accounts receivable system, transactions are routed seamlessly and securely—giving you the transparency and control you need.
Why MSB-Ready Matters More Than Ever
If you’re running a money service business, don’t settle for a processor that “kind of” understands your world. Choose one that was built for it. ReliaFund offers the MSB-friendly financial technology and support you need to stay compliant, efficient, and confident in your payment systems. Explore how a customer-centric strategy sets your business apart.
Whether you’re ready to switch processors or just want to explore better fintech solutions for MSBs, we’re here to help.
Ready to find out if your processor is MSB-ready? Contact ReliaFund today and let’s talk about a better way to move your business forward.