U.S. Treasury Department’s Office of Foreign Assets Control, or OFAC; money transfer and payment instrument licensing laws; escheatment laws; privacy, data protection and information security laws; consumer disclosure and consumer protection laws; and rules, laws and regulations including those governing credit and debit cards, electronic payments and competition. For every credit card or debit card transaction, you are charged a fixed percentage of that transaction. Oftentimes, the discount rate will be clearly shown on every transaction. Existing customers are able to send money in seconds with "one tap and one swipe." We will continue to optimize our services for mobile devices to capitalize on the continued and growing trend in mobile usage. We believe that, on average, customers sending money transfer transactions with mobile devices typically send more money in a given period as compared to similar customers who send money transfer transactions using only desktop computers. We process all transactions to India via the Reserve Bank of India’s rupee drawing arrangement, or RDA, and are therefore also subject to applicable Indian regulations and reporting requirements. Anti-Money Laundering Compliance. Our services are subject to anti-money laundering laws and regulations of the United States, including the Bank Secrecy Act, as amended by the USA PATRIOT Act of 2001, or the Bank Secrecy Act, as well as similar state laws and regulations and the anti-money laundering laws and regulations in many of the countries in which we or our disbursement partners operate.

Our programs include dedicated compliance personnel, training and monitoring programs, suspicious activity reporting, regulatory outreach and education, and support and guidance to our disbursement partners concerning regulatory compliance. Our money transfer and bill payment networks operate through third-party disbursement partners in most countries, and, therefore, there are limitations on our legal and practical ability to manage those disbursement partners’ compliance programs. We market our services to customers through a variety of channels including television, radio, online and mobile advertisements, social networks and incentive programs such as our Refer-A-Friend program and other targeted promotions. Did you know you can rent a market stall at the world-famous Camden Market for as little as £15 a day? As the market for on-demand music on the internet and mobile and connected devices increases, new competitors, business models, and solutions are likely to emerge. We also believe that our mobile solutions help us retain active customers.

In 2014, 50% of our transactions were sent via mobile devices compared to 35% in 2013. In the fourth quarter of 2014, 55% of our transactions were sent via mobile devices. Money Transfer Licensing. Most states in the United States require us to be licensed to process transactions for their residents. During 2014, approximately $2.3 billion of our gross sending volume was sent from mobile devices which represented growth of approximately 90% compared to 2013. Our mobile application, the "Xoom App," is simple to use and allows customers to sign up and send money and track the status of their transactions. The homebased business owner - A homebased business owner using a mobile smart phone card reader likely doesn’t have the kind of business model and/or sales volume that requires a brick and mortar storefront, employees, or cash register. Although that is typically the pricing model processors opt for, this isn’t the only way to package it. You will in like way can see payments from American Express, Discover, Visa and MasterCard, developing your business wherever all through the globe.

Our corporate development team identifies and works with disbursement partners that will allow us to offer our customers the most convenient network of prominent banks, retailers with well-recognized brands and utility providers in the countries we serve. Our largest competitors are The Western Union Company and MoneyGram Payment Systems, Inc. We also compete against country-specific money transfer and cross-border bill payment players, banks and informal person-to-person money transfer service providers that evade regulation. This is why it is important to find a reliable payment service provider. We are a merchant account service provider who make simple and problem-free gift card and check processing excluding credit card processing. Before accepting free equipment, consider whether being tied to a contract or paying higher processing costs is worth cutting out the purchase price of the equipment. Buying your own equipment puts you in a better negotiating position with your processor, opening up the possibility of month-to-month agreements and lower rates. We control access to our proprietary technology by entering into confidentiality and invention assignment agreements with employees, consultants, partners, vendors and customers. If triggered, these most favored nations provisions could cause our payments or other obligations under those agreements to escalate substantially.