BBVA Transfer Services CEO Aurora Garza-Hagan elected chairperson of Money Services Business Association
Aurora Garza-Hagan, CEO of BBVA Transfer Services, has been elected Chairperson of the Money Services Business Association (MSBA), a trade association focusing on the non-bank money services industry.
Garza-Hagan succeeds Paul S. Dwyer Jr., CEO of Viamericas Corp., who was elected as Vice-Chairman. The MSBA also announced the election of Erick Schneider, Senior Vice President of Intermex Wire Transfer as Treasurer, and Jani Gode, Chief Compliance Officer of Payoneer, as the MSBA’s Secretary.
“On behalf of the Board of the MSBA, I am happy to lead our efforts promoting an increased understanding of the industry to the various U.S. and international regulatory agencies that supervise our members’ businesses,” said Garza-Hagan. “The industry constantly seeks to team with regulators, banks, law enforcement and consumer advocates to ensure that any impact to the efficiency, integrity and reputation of the industry – from unlicensed operators to direct and indirect regulation – receive the full attention they deserve. All stakeholders with an interest in ensuring the continued provision of excellent and compliant service to consumers can find common ground, and the MSBA continues to play an active role in making that happen.”
Garza-Hagan added that she hopes to use her new leadership role to continue the association's efforts to identify and address issues and challenges that impact the industry, for the benefit of money services businesses and the consumers they serve. She has served on the board of MSBA since 2017.
For additional information on the Association and becoming a member, please visit: www.msbassociation.org.
About the MSBA: Established in 2015, the MSBA is the largest trade association focused on the non-bank money services industry. Specifically, we represent licensed money transmitters and their agents and 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, money orders, and other similar money services businesses (“MSBs”) and non-MSB payments businesses that are engaged in payments. The MSBA encourages the continued innovation and development in the payments industry while promoting education and communication with federal and state regulators.