Rich can confirm this (or not), but WePay is an agent of The Bancorp, Inc. (http://www.thebancorp.com), which is a bank, so it's exempt from money transmission regulations. The Bancorp told me this morning that they consider WePay an exception and that they don't do it for anyone else anymore. I'd talked to them a while ago, but they're not so good about returning phone calls or e-mails.
Venmo doesn't have any licenses to the best of my knowledge. Maybe they're an agent of someone, too.
Dwolla thinks that they're exempt but I'm not entirely sure that's true. They have a credit union service provider as one of their investors, but that's not necessarily the same as being an agent of a federally chartered bank or credit union.
Noca, Xipwire, Cimbal, LendingKarma, KoolWallet and others are affected as well.
Venmo doesn't have any licenses to the best of my knowledge. Maybe they're an agent of someone, too.
Dwolla thinks that they're exempt but I'm not entirely sure that's true. They have a credit union service provider as one of their investors, but that's not necessarily the same as being an agent of a federally chartered bank or credit union.
Noca, Xipwire, Cimbal, LendingKarma, KoolWallet and others are affected as well.