On September 2, 2026, TabaPay closed $155 million led by FTV Capital and announced plans to buy Transact Bank, N.A., an OCC-chartered, FDIC-insured bank in Denver. It would become TabaBank, N.A., with closing expected in Q4 2026 subject to regulatory approval. Owning a charter removes a processor’s dependence on sponsor banks, opens direct access to Federal Reserve rails, and replaces state-by-state licensing with one federal framework. It is a rational move for the processor. For a subscription business, that vertical integration deepens one provider path. It does not create a second one, and a US charter does nothing for the approval odds of a renewal on a card issued in another country.