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EFX Financial Services: The Smart Choice for Your MSB Needs
Operating a Money Service Business (MSB) can be challenging, but with the right partner, it doesn’t have to be. EFX Financial Services specializes in making the complex world of MSBs easier to navigate. From opening compliant bank accounts to managing payment processing, we provide secure, efficient, and affordable solutions for today’s money service businesses.
If you’re looking for a partner who understands the industry, has deep banking relationships, and brings over 20 years of experience in payment processing to the table, you’re in the right place.
What Is a Money Service Business?
A money service business (MSB) is a legal term used to describe businesses that deal with handling money transfers, currency exchange, check cashing, issuing money orders, and more. These businesses are heavily regulated at both state and federal levels to prevent money laundering, fraud, and other financial crimes.
Common types of MSBs include:
Currency exchangers
Check cashers
Money transmitters
Prepaid card issuers
ATM operators
Businesses involved in digital currency or cryptocurrency transactions
Whether you’re an established MSB or just starting out, EFX Financial Services can help you grow your business while staying fully compliant.
Why MSBs Trust EFX
Managing an MSB means dealing with constant compliance checks, shifting banking regulations, and rising operational costs. Many banks have exited the MSB space entirely, leaving business owners without critical financial services. That’s where EFX steps in.
With two decades of experience across ATM processing, ACH processing, and rent payment platforms, EFX is uniquely positioned to help you succeed in the money service business. Our technology, customer service, and compliance expertise give our clients a true competitive edge.
We’re more than a service provider—we’re your long-term partner.
Comprehensive Services for Money Service Businesses
EFX provides a wide range of services designed to make managing a money service business easier, safer, and more profitable.
Quick & Easy Bank Account Setup
One of the biggest challenges for MSBs is getting a bank account—fast. We have strong relationships with multiple financial institutions that support the MSB industry. This allows us to help clients open compliant business bank accounts quickly and efficiently.
We understand what documentation is required, and our team ensures everything is submitted properly to minimize delays.
Expert Payment Processing for MSBs
EFX delivers robust processing solutions tailored to your business, including:
ATM processing
ACH payroll and disbursement
Money order transactions
Check cashing support
Cash settlement services
Cryptocurrency-friendly banking partnerships
Our platforms are reliable, secure, and built to scale. Whether you’re managing one location or expanding across states, we provide the support and technology to make it happen.
Dedicated Compliance Support
Compliance is not optional—it’s a cornerstone of your MSB’s success. EFX helps you stay on track with:
Ongoing compliance reviews
Document management tools
BSA/AML monitoring
Audit assistance
FinCEN registration support
Regulatory reporting assistance
We make it easy to manage your required documentation and stay ahead of any potential issues.
Affordable Fee Structures
Running an MSB shouldn’t come with sky-high costs. EFX offers cost-effective processing fees and transparent pricing models that support your profitability. We help you retain more of your revenue and reinvest in your business.
The EFX Difference
We know that not all MSB providers are created equal. At EFX, we go beyond just offering services—we build partnerships based on trust, performance, and a deep understanding of your industry.
Here’s what sets us apart:
Fast implementation: Get up and running quickly
Multiple bank relationships: Built-in business continuity
Hands-on support: Dedicated experts at your service
Advanced reporting: Easily access transaction data
Security & reliability: Built-in protections for your operations
Scalable solutions: Ideal for single operators or multi-location businesses
When banks hesitate, EFX steps up. Our bank partners trust our rigorous onboarding process, giving you access to the financial services your MSB depends on.
Supported Industries & Business Types
EFX supports a wide range of money service businesses, including:
Independent ATM deployers
Check cashing locations
Currency exchange booths
Small-to-mid-sized money transmitters
Prepaid card vendors
Bill payment centers
Digital currency businesses
If your business handles money, payments, or financial transactions, we can help you find a compliant and cost-effective path forward.
Built for Compliance and Growth
The MSB space is always evolving. New regulations. New payment technologies. New risks. EFX helps you stay current and compliant while supporting your long-term growth.
We continually monitor industry trends and update our services to reflect the latest rules and best practices. Whether it’s ensuring your FinCEN registration is current or helping you prepare for a surprise audit, our team is always one step ahead.
Our document management and monitoring tools are easy to use, secure, and designed for busy operators.
Meet Your MSB Expert: Dianna Jasperson
To show our commitment to the MSB industry, we’ve brought in a highly respected expert: Dianna Jasperson. With over six years of dedicated experience in the money service business space, Dianna understands the unique challenges MSB operators face every day.
Dianna is your go-to resource for personalized service, industry insights, and MSB growth strategies. You can reach her directly at:602-632-2153
Frequently Asked Questions
Contact EFX Corp
Get Started Today
Running a money service business doesn’t have to be overwhelming. With EFX Financial Services, you’ll have a trusted partner at your side to help you navigate the complexities of the industry while staying focused on growth and customer service.
Our combination of speed, security, compliance, and cost efficiency makes us the first choice for MSBs nationwide.
Ready to speak with an expert?
Call Dianna Jasperson at 602-632-2153 or email dianna@efxfs.com to learn how EFX can simplify and streamline your MSB operations.
EFX Financial Services: Your Partner in the Money Service Business
Let’s take your money service business to the next level—compliantly, profitably, and with confidence.