CARDFREE, Inc.; Based soley on the assertions made by Petitioner, Petitioner's mobile merchant platform and related processing activities do not fall within Florida's money transmitting licensing statute in that Petitioner does not receive currency, ...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

RULE NO.:RULE TITLE:

69V-560.703Money Transmitters

NOTICE IS HEREBY GIVEN that Office of Financial Regulation has issued an order disposing of the petition for declaratory statement filed by CARDFREE, Inc. on June 09, 2014. The following is a summary of the agency’s disposition of the petition:

Based soley on the assertions made by Petitioner, Petitioner’s mobile merchant platform and related processing activities do not fall within Florida’s money transmitting licensing statute in that Petitioner does not receive currency, monetary value, or payment instruments for the purpose of transmitting the same.

A copy of the Order Disposing of the Petition for Declaratory Statement may be obtained by contacting: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone].