Vixio’s increased data coverage shows that various state approaches to innovation exacerbate US regulatory ambiguity and payments compliance.

There is uncertainty in the US regulatory environment due to the introduction of alternative payment methods. Assuring comprehensive compliance is probably going to be difficult for the foreseeable future because different states have different approaches to innovation, says Vixio Regulatory Intelligence, which offers worldwide regulatory and commercial intelligence to the gaming and payments sectors.


The results are based on proprietary data that was produced by expanded coverage in the US after Vixio’s Horizon Scanning technology was improved. Users are able to keep an eye on and follow changes in worldwide payment regulations. All 50 US states and the 14 US territories that are governed by the US federal government are currently covered by the SaaS solution.

US payments are among the most dispersed

“Our data show why the US is one of the payments industry’s most fragmented and heterogeneous regions from a regulatory standpoint,” stated Roseanne Spagnuolo, chief content officer of Vixio. As a result, doing business and staying ahead of compliance requirements become challenging. Fifty separate regulators, each operating at their own speed and enforcing regulations as they see fit, make up the jurisdiction rather than just one.

Despite growing support from state regulators in the US, the Model Money Transmission Modernization Act (MTMA) has not been consistently adopted. According to Vixio’s Horizon Scanning:

  • The MTMA regulations are fully implemented in eight states.
  • 27 states are either moving in separate ways or have not moved at all.
  • The model law has been partially adopted by ten states.
  • Additional MTMA-related legislation is presently being considered by the legislatures of five states.

For payment firms, navigating the growing volume of regulatory changes is becoming increasingly difficult and time-consuming. Compliance teams can evaluate regulatory effect by kind and volume and filter results using the dashboard of Vixio’s Horizon Scanning tool. They can also create a personalised watchlist. Any analysis can therefore be exported for reporting to important stakeholders.

Vixio analysts evaluate, examine, and eliminate irrelevant data to give compliance teams useful information. Additionally, US State-by-State market entry reports provide a thorough rundown of each of the 50 US states. They offer details on each state’s authorization procedures, money transmitter licence requirements, and regulatory environment. This aids compliance teams in their decision-making about market entry and jurisdictional upskilling.

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