HCM Software: The Silver Bullet Against MTL Vampires?
Prism HR
OCTOBER 30, 2024
In 2019, payroll companies in Texas received orders from the state’s Department of Banking to halt operations until they obtained a Money Transmitter License (MTL). If Payroll Service Bureaus (PSBs) were not aware of MTLs before, they sure were after that. Fortunately, the order didn’t take effect immediately, giving Texas payroll companies time to comply.
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