Checkout.com’s U.S. MALPB charter begins operations
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On November 2, 2026, Checkout.com announced on its company blog that its U.S. Merchant Acquirer Limited Purpose Bank (MALPB) charter had been operational since September. The charter enables the company to connect directly to local U.S. card networks, process, clear, and settle card transactions, and adds a new U.S. acquiring route. Checkout.com stated that the MALPB will not replace its existing sponsored banking relationships. Initially, the company will use this route for eligible low-risk business merchants and manage transaction volumes prudently.
AI-written from reports · updated 14 hours ago
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- Checkout.com BlogSelectedCheckout.com’s MALPB charter begins operating in the US, adding a direct acquiring route
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.
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