FDIC Clarifying Supervisory Approach to Institutions Establishing Account Relationships with Third-Party Payment Processors
Targeted News Service |
FIL-41-2014 (http://www.fdic.gov/news/news/financial/2014/fil14041.pdf)
Summary:
The
Statement of Applicability to Institutions Under
Highlights:
* The focus of the
* The
* The
Distribution:
* FDIC-Supervised Banks (Commercial and Savings)
Suggested Routing:
* Board of Directors, Chief Executive Officer, Senior Executive Officers, Chief
Related Topics:
* FIL-127-2008, "Guidance on Payment Processor Relationships,"
* http://www.fdic.gov/news/news/financial/2008/fil08127.html
* FIL-3-2012, "Payment Processor Relationships, Revised Guidance," http://www.fdic.gov/news/news/financial/2012/fil12003.html
* FIL-43-2013, "FDIC Supervisory Approach to Payment Processing Relationships with Merchant Customers That Engage in Higher-Risk Activities," http://www.fdic.gov/news/news/financial/2013/fil13043.html.
* "Managing Risks in Third-Party Payment Processor Relationships," FDIC Supervisory Insights, Summer 2011, http://www.fdic.gov/regulations/examinations/supervisory/insights/sisum11/managing.html
* The FFIEC Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual,
* http://www.ffiec.gov/bsa_aml_infobase/pages_manual/OLM_063.htm
Attachment:
* FDIC Clarifying Official Guidance and Other Information Related to Third-Party Payment Processors
Contact:
*
Note:
FDIC Financial Institution Letters (FILs) may be accessed from the
To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies may be obtained through the
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