Payment services provider Meracord has received a money transmitter license from the California Department of Financial Institutions, reaching to the 41st money transmitter license.

As a result, Meracord is now able to offer its suite of payment processing and money transmission services to residents of the State of California.

Meracord is a privately owned third-party payment service provider of contract payments. The company provides payment services, trust account management and debt reduction. In recent news, Meracord has released Meracord Payments, a payment feature which enables companies to collect debit and credit card payments from customers.