Grupo Regalii, Inc; The petition sought a declaratory statement from the Office on whether Petitioner's proposed business model (of offering an application program interface that connects service providers who provide periodic bills to consumers, ...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

NOTICE IS HEREBY GIVEN that the Office of Financial Regulation has issued an order disposing of the petition for declaratory statement filed by Grupo Regalii, Inc. on April 18, 2017. The following is a summary of the agency’s disposition of the petition:

The petition sought a declaratory statement from the Office on whether Petitioner’s proposed business model of offering an application program interface that connects service providers who provide periodic bills to consumers, such as utility and telecom businesses (“Billers”), to licensed money transmitters who accept payments from consumers. Regalii’s software provides the path by which licensed money transmitters can offer real-time bill payment to consumers, even when the consumer's bills are with providers in another country) falls within the Florida Money Transmitter Statute, Chapter 560, Florida Statutes. On April 20, 2017, the Office filed the Notice of receipt of Petition for Declaratory Statement in the Florida Administrative Register, Vol. 43, No. 77. On June 20, 2017, the Petition was withdrawn.

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], [e-mail].

Please refer all comments to: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone], [e-mail].