Money transmission
Moving money on behalf of others, a regulated activity that requires a license.
State money-transmitter laws and federal rules govern companies that hold or move funds for other people. Corrections payment vendors have faced federal enforcement for fees charged on release debit cards.
CRP never holds or moves money itself. Its ledger records earned value, and any real money movement runs through a licensed transmitter or sponsor bank.
Related terms
Talk to us about a shadow pilot
We run the numbers on your facility's real spend data, with no money moving, so you can see exactly what CRP would return.
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