{"id":396,"date":"2013-08-16T16:52:06","date_gmt":"2013-08-16T16:52:06","guid":{"rendered":"http:\/\/www.nationaltransaction.com\/credit-card-merchant\/?p=396"},"modified":"2013-08-17T08:37:46","modified_gmt":"2013-08-17T08:37:46","slug":"square-fined-in-florida-operating-without-a-license","status":"publish","type":"post","link":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/square-fined-in-florida-operating-without-a-license\/","title":{"rendered":"Square Fined in Florida, Operating Without a License."},"content":{"rendered":"<p style=\"text-align: justify;\"><a href=\"http:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-content\/uploads\/2013\/08\/Square_Logo_Portrait.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-397\" alt=\"Square Payment Processing\" src=\"http:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-content\/uploads\/2013\/08\/Square_Logo_Portrait-300x224.png\" width=\"300\" height=\"224\" srcset=\"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-content\/uploads\/2013\/08\/Square_Logo_Portrait-300x224.png 300w, https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-content\/uploads\/2013\/08\/Square_Logo_Portrait-1024x767.png 1024w, https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-content\/uploads\/2013\/08\/Square_Logo_Portrait.png 1667w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><span style=\"font-family: Verdana; font-size: 12.0pt; line-height: 150%;\">Square credit card processing service was fined $507,000 by Florida&#8217;s Office of Finance Regulation for operating an electronic payment processing service without a money transmission license. Some may remember the same treatment in Illinois in March of this year. The order covers two years of operation and processing including Square Register, stored value and prepaid access credit card services.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Verdana; font-size: 12.0pt; line-height: 150%;\">Square was granted a money transmission license after it paid the fine via wire transfer and is now in compliance. Square neither admits or denies any wrongdoing. Although it&#8217;s an emerging field the Florida based fines show that adhering to state laws is a tricky situation that needs extra scrutiny on the processors end. Due to the state by state nature of the laws, credit card processing companies find themselves complying with each state&#8217;s independent regulation laws.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Verdana; font-size: 12.0pt; line-height: 150%;\">In a statement from Square..\u00a0\u201cWe worked with Florida to resolve our application and receive our license to operate as a money transmitter in the state, We look forward to continuing to help merchants across Florida grow their business with Square.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Square credit card processing service was fined $507,000 by Florida&#8217;s Office of Finance Regulation for operating an electronic payment processing<\/p>\n<div id=\"more-button\"><a class=\"btn btn-more excerpt-more\" href=\"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/square-fined-in-florida-operating-without-a-license\/\">Continue Reading<\/a><\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[122,50,31,150],"tags":[138,21,221,84,222,107,39],"class_list":["post-396","post","type-post","status-publish","format-standard","hentry","category-credit-card-processing-2","category-electronic-payments-2","category-mobile-payments","category-mobile-point-of-sale-2","tag-account","tag-credit-card-2","tag-florida","tag-merchant","tag-merchants-2","tag-processing","tag-square"],"_links":{"self":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/comments?post=396"}],"version-history":[{"count":2,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/396\/revisions"}],"predecessor-version":[{"id":404,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/396\/revisions\/404"}],"wp:attachment":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/media?parent=396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/categories?post=396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/tags?post=396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}