Checkout.com’s MALPB charter begins operating in the US, adding a direct acquiring route
Checkout.com MALPB charter: Interview with Jordan Reynolds
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Checkout.com said its Merchant Acquirer Limited Purpose Bank (MALPB) charter in the US has been operational since September, allowing it to connect directly to local card networks to process, clear, and settle card transactions. The charter adds an acquiring route but does not replace existing sponsor-bank relationships; the company is initially focusing on eligible low-risk enterprise merchants and prudently managed transaction volumes.
The material specifically explains how the MALPB charter adds a direct acquiring route for Checkout.com in the US while retaining the sponsor-bank route, making it easier to understand changes in enterprise merchant access and infrastructure.
Source:Checkout.com Blog · checkout.com