meta_id 3157939

On May 11, 2026, the Florida Office of Financial Regulation (OFR) entered a Final Order approving a Stipulation and Consent Agreement with Tipalti, Inc., d/b/a Tipalti (Case Number 132028). Tipalti is a Part II Money Services Business licensed in Florida under license number FT230000139 and is a wholly owned subsidiary of Tipalti Solutions LTD. The settlement resolves findings from an OFR examination (No. 128475) of Tipalti's business records and operations covering the period January 1, 2023, through December 31, 2024. The examination assessed compliance with Chapter 560, Florida Statutes, which governs money services businesses. Tipalti consented to a finding that it failed to report changes in financial information within thirty days of the change, in violation of Rule 69V-560.201(2), Florida Administrative Code, and Section 560.126(2), Florida Statutes. Under the settlement terms, Tipalti agreed to cease and desist from future violations of Chapter 560, Florida Statutes, and comply with all provisions of the statute and its implementing rules. Tipalti must pay an administrative fine of $4,375.00 to the OFR, payable by wire transfer, cashier's check, or money order made payable to the Office of Financial Regulation and referencing Case Number 132028. Payment was to be submitted to the Agency Clerk at Post Office Box 8050, Tallahassee, Florida 32314-8050. By executing the agreement, Tipalti waived its rights to a separate Findings of Fact and Conclusions of Law, administrative hearing, and appeal. The Final Order incorporates all terms of the Stipulation and Consent Agreement and constitutes final agency action. Non-compliance with the settlement terms may result in an emergency cease and desist order. REFERENCES: State of Florida Office of Financial Regulation. Final Order and Stipulation and Consent Agreement. Case Number 132028. May 11, 2026. Available at: Florida Office of Financial Regulation.