The Money Services Business Association (MSBA) Launched, Board of Directors Announced

NEWARK, New Jersey, October 15, 2015 /PRNewswire/ --

Leading industry companies launched The Money Services Business Association (MSBA) this month and appointed Alberto Laureano, CEO of Barri Financial Group LLC, as Chairman to lead the organization in educating the regulators, media and the public about the beneficial and secure services provided by MSBA members.

Earlier this month the MSBA held its first Board Meeting in Kansas City in conjunction with the Money Transmitters Regulator Association's (MTRA) annual conference. The Association was started to establish an industry led organization that supports the non-bank financial services industry and encourages the continued innovation and development in the payments industry while assisting in the education and communication with Federal and State Regulators.

The Association has 24 founding members. They elected the following Board Members that will guide the membership this first year:

• Laybaa Hernandez, DolEx Dollar Express Inc.
• Nicole Ibbotson, InComm Financial Services Inc.
• Alberto Laureano, Barri Financial Group LLC
• Marcelo Licht, TransferTo Inc.
• Phu Nguyen, Saigon Central Post Inc.
• Jose Carlos Pereira, Real Transfer
• Suresh Ramamurthi, Yantra Services Inc.
• John Ricci, Green Dot Corporation
• Joana Santos, Novacambios.

The MSBA also named Kathy Tomasofsky as Acting Director. Ms. Tomasofsky brings over 20 years of financial services and association management skills to the MSBA, and most recently served as the Senior Director of Operations at the Network Branded Prepaid Card Association.

"We are really pleased to be able to officially launch the MSBA. The Board and I will work very collaboratively with all industry members as we launch this new association", said Alberto Laureano , Chairman, of the MSBA. The money services business industry serves many in the United States and worldwide in an efficient and legal manner and it is vital to continue these services and to encourage the development of new payment services as well, and not stifle innovation".

For additional information on membership, please visit: http://www.msbassociation.org   

About the MSBA 

The Money Services Business Association or MSBA is a trade association focused on the non-bank money services industry, including licensed money transmitters their agents/authorized delegates, payment card issuers and distributors, payment processors, international remittance companies, bill payment companies, mobile payment application providers, payment aggregators, virtual currency exchanges and administrators, eWallet providers and other similar money services providers that are engaged in payments.

SOURCE The Money Services Business Association (MSBA)