About

MSBA Board Officers

Paul S. Dwyer, Jr.

MSBA Chairman,   CEO of Viamericas Corporation

Mr. Dwyer is a co-founder and the Chief Executive Officer of Viamericas Corporation, a consumer-focused money transfer company with operations in forty-nine U.S. states and throughout Latin America, and with an expanding presence in Asia. As CEO, Mr. Dwyer has had overall responsibility for the development and expansion of Viamericas since its founding in 2000. Mr. Dwyer is active in various industry organizations.

Prior to founding Viamericas, Mr. Dwyer was a partner with the Washington D.C. based law firm Wilmer, Cutler & Pickering (now WilmerHale), where his practice focused on Latin American business transactions. Earlier in his career, Mr. Dwyer was a Project Attorney at the Inter-American Investment Corporation.

Mr. Dwyer is a graduate of Tufts University, with a degree in Latin American Studies (Phi Beta Kappa), of the Fletcher School of Law and Diplomacy, with a Masters degree in international business and Western Hemisphere diplomatic history, of the Harvard Law School, and was a Fulbright Fellow to Colombia. Mr. Dwyer lives in Potomac, Maryland with his wife Lillian Argilagos and their four daughters.

Mr. Dwyer serves on the Board of Directors of Plan International USA, a charitable organization dedicated to funding child-centered community development projects around the world.

Aurora Garza Hagan

 MSBA Treasurer, CEO of BBVA Transfer Services, Inc. 

Aurora Garza Hagan was named CEO of BBVA Transfer Services, Inc. (“BTS”) in July 2015. As head of BTS, she is responsible for managing the remittance services that the BBVA Group provides to 28 countries.

Garza Hagan rose up through the ranks at BTS. She started in 2001 as a senior accounting analyst and held various leadership positions. Most recently, prior to assuming her current position, Garza Hagan was Chief Financial Officer where she was responsible for all aspects of finance, accounting, treasury management, and regulatory relations at BTS. Before joining BTS, Garza Hagan held various auditor positions at Ernst & Young, Continental Airlines, and UT Systems Administration. Garza Hagan earned a bachelor's degree in business administration from The University of Texas at Austin.

Nicole Ibbotson

MSBA Secretary, Senior Vice President & General Counsel at InComm Financial Services, Inc.

Nicole Ibbotson is Senior Vice President and General Counsel at InComm Financial Services, Inc. She oversees legal and regulatory matters for InComm's financial services programs globally. InComm's 400,000 partner locations generated over $32 billion in retail sales of prepaid and financial products throughout 26 countries last year. Her expertise extends to regulatory compliance, legislative affairs and contract matters relating to network-branded cards, reload networks, payment processing, money transmission, mobile payments, bill payment, virtual currency and financial technology services.

Nicole has been named 2015's Top Ten Women in Payments by Paybefore and is a frequent speaker at Money 20/20, Card Expo, IAPP Global Privacy & Security Summit, ACI's Prepaid and Emerging Payments and other payment conferences. Prior to InComm, Nicole practiced with Paul Hastings’ payments group counseling Visa, Facebook, Wells Fargo, BOA, MoneyGram, Green Dot, InComm and other global financial institutions, and with Morris, Manning &Martin’s financial technology group counseling start-up and mid-size payment companies and MSBs.

Kathy Tomasofsky

MSBA Executive Director

MSBA Kathy Tomasofsky is an experienced management and operations professional with more than 20 years of experience in Insurance and Financial Services.  Ms. Tomasofsky is a partner with Two Sparrows Consulting. Most recently,  Ms. Tomasofsky served as the Senior Director of Operations for the Network Branded Prepaid Card Association (NBPCA).  In this role, Ms. Tomasofsky provided management of the Association operations including event and marketing planning, financial review, business development, and member communications. Ms. Tomasofsky managed the Prepaid Financial Crimes Task Force (FCTF) and was the fraud liaison to regulator and law enforcement agencies, as well as an Advisory Board Member of IAFCI.

  • MSBA Guiding Principles
    Members must meet or exceed:

    Regulatory and Anti- Money Laundering Compliance
    1- Engaged in licensed activities (as required by regulations)
    • a. Obtain and Maintain State Licenses in Good Standing
    • b. Operate in compliance with all applicable state guidelines

    2- Full Compliance with Federal and State Law regulations
    • a. Legal and Regulatory compliance
      • i. USA Patriot Act
      • ii. Bank Secrecy Act
      • iii. Title 31
      • iv. FinCEN
      • v. CFPB
      • vi. State Regulations in the states where they are licensed

    3- Robust Anti-Money Laundering and Terrorism Program
    • a. Implement programs to guard against illicit activity and exploitation of services by criminals
    • b. Monitor, detect, and report any suspicious activities found
    • c. Communicate and collaborate with law enforcement information which can prevent illicit activities

    Fair Business Practices
    Members should:
    • a. Be customer Centric, truthful in advertising disclosing all service terms and condition
    • b. Not be disparaging to other members or competitors
    • c. Collaborate with other members by sharing information on mutual customers, agents or partners found to be in violation of State or Federal Regulations
    • (consistent with 314(b)).
    • d. Fully cooperate with law enforcement and actively report any suspicious activities or transaction patterns detected within their industry


    Business Leadership and Education
    In order for the Association to be effective, its members must take a leading role in the industry.
    Stay abreast of changing technology, educate and collaborate with Regulators on how to monitor its activities.

 

MSBA Board of Directors

Name: Paul S. Dwyer, Jr.
Title: CEO
Company: Viamericas

Name: Fernando Fayzano
Title:  CEO
Company: Pontual – Usend

Name: Ran Grushkowsky
Title:  Co-Founder & CEO
Company: Wirecash

Name: Aurora Garza Hagan
Title: President & CEO
Company: BBVA Transfer Services

Name: Laybaa Hernandez
Title: COO
Company: DolEx Dollar Express Inc.

Name: Nicole Ibbotson
Title: General Counsel
Company: InComm Financial Services, Inc.

Name: Alberto Laureano
Title: CEO
Company: Barri Financial Group

Name
: Marcelo Licht, EVP
Title: Executive Vice President - Americas Company
Company: Transfer-To

Name: Suresh Ramamurthi
Title: CEO
Company: Yantra Services Inc.  

Name: Jorge Raul
Title: CEO
Company: transNetwork

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