You currently work as an Accountant at BBVA. BBVA Transfer Services (BTS) offers processing, monitoring, settlement, aggregation, and regulatory compliance support services as a solution for companies with international payment services needs. BTS developed a proprietary IT platform that enabled consumers to quickly and safely send money to Mexico, Latin America, and many other countries, while at the same time, remain fully compliant with all applicable state and federal laws and regulations. This proprietary platform enabled BTS to offer its service to third-party banks and other licensed money transmitter organizations, who in turn offered it to their end customers. With its new system, BTS initially targeted the fast-growing money remittance market from the U.S. to Mexico, and then broadened its distribution reach to the Central and South American markets.

What sort of transactions would you encounter in that field? What are the impacts of those transactions on the business? List and describe several examples.