---
kind: "section"
citation: "12 C.F.R. § 233.3"
title: "12"
number: "233.3"
heading: "Designated payment systems."
url: "https://uscodex.org/cfr/12/233.3"
---

# §233.3. Designated payment systems.


The following payment systems could be used by participants in connection with, or to facilitate, a restricted transaction:

- (a) Automated clearing house systems;
- (b) Card systems;
- (c) Check collection systems;
- (d) Money transmitting businesses solely to the extent they
  - (1) Engage in the transmission of funds, which does not include check cashing, currency exchange, or the issuance or redemption of money orders, travelers' checks, and other similar instruments; and
  - (2) Permit customers to initiate transmission of funds transactions remotely from a location other than a physical office of the money transmitting business; and
- (e) **Wire transfer systems.**

## Notes

### Authority

Authority: 31 U.S.C. 5364.

### Source

Source: Reg. GG, 73 FR 69405, Nov. 18, 2008, unless otherwise noted.