Merchant Acquirer Limited Purpose Banks (MALPB)

MALPB

The Department charters and regulates Merchant Acquirer Limited Purpose Banks (MALPBs).  The MALPB charter was created to allow entities engaged in merchant acquiring or settlement activities to directly access payment card networks.  MALPBs chartered by the Department shall be subject to the provisions of the Official Code of Georgia and any rules and regulations adopted by the Department for purposes of regulating chartered merchant acquirer limited purpose banks. 

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