Spectrum Global Payment Solutions, has been in the money remittance business for more than twenty years. The company’s success came early in its history through recognition of the vast potential of money remittances. The company also recognized the importance of offering a service that would revolutionize the industry.
Spectrum Global Payment Solutions developed a proprietary IT platform that enabled consumers to quickly and safely send money to Mexico, Latin America and many other countries, while at the same time, remain fully compliant with all applicable state and federal laws and regulations. This proprietary platform enabled Spectrum Global Payment Solutions to offer its service to third party banks and other licensed money transmitter organizations, who in turn offered it to their end customers.
With its new system, Spectrum Global Payment Solutions initially targeted the fast growing money remittance market from the U.S. to Mexico, and then broadened its distribution reach to the Central and South American markets. With this additional expansion, Spectrum Global Payment Solutions has now established points of payment through its Payment Agent Network in more than sixteen countries worldwide.