Merchant Acquirer Banks

News & Analysis as of

Georgia Department of Banking and Finance Adopts Final Rules Regarding Chartering of Merchant Acquirer Limited Purpose Banks

On December 3, 2013, the Georgia Department of Banking and Finance adopted Final Rules implementing the Georgia Merchant Acquirer Limited Purpose Bank Act. The Final Rules contained several revisions to the second draft of...more

Georgia’s New Merchant Acquirer Bank Charter: “Wait and See”

The creation of a first-of-its-kind merchant acquirer bank charter in Georgia last March generated considerable initial interest within the payment processing industry, but non-bank payment processors that want to establish...more

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