Merchant Services Program Policy

$275.00

This Merchant Services Program Policy Template addresses the program of a bank, credit union, or other type of financial institution of providing merchant services to qualified business customers in accordance with all applicable laws, rules and regulations. In general, the Merchant Services Program involves the settlement of electronic payment transactions for merchant customers.  Merchant processing activities involve gathering sales information from the merchant, obtaining authorization for the transaction, collecting funds from the card issuing bank, and reimbursing the merchant.  See more information about this product below.  In addition, we recommend adding a Product Update Protection Plan to your shopping cart to ensure you automatically receive an updated version of this policy template every time it is revised by us via e-mail within one year from the date of purchase.

Merchant Services Program Policy

This Merchant Services Program Policy Template addresses the program of a bank, credit union, or other type of financial institution of providing merchant services to qualified business customers in accordance with all applicable laws, rules and regulations. In general, the Merchant Services Program involves the settlement of electronic payment transactions for merchant customers. Merchant processing activities involve gathering sales information from the merchant, obtaining authorization for the transaction, collecting funds from the card issuing bank, and reimbursing the merchant.

Table of Contents

  • Purpose and Contents – Topic 1
  • Policy Statement – Topic 2
  • Definitions – Topic 3
  • Structure of Accountability – Topic 4
  • Risk Management – Topic 5
  • Product Definition and Pricing – Topic 6
  • Operational Overview – Topic 7
  • Underwriting Guidelines Policy – Topic 8
  • Service Establishment Procedures and Responsibilities – Topic 9
  • Changes or Deletions – Topic 10
  • Fraud Monitoring – Topic 11
  • Chargeback Monitoring – Topic 12
  • Audit Policy – Topic 13
  • Staff Training – Topic 14
  • Retention of Documentation – Topic 15

This Merchant Services Program Policy Template (approximately 44 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.

Want to ensure your purchase from BankPolicies.com remains current? Add a Product Update Protection Plan to your shopping cart to ensure that you will automatically receive an updated version every time it is revised via e-mail within one year from the last date of purchase. This timely and cost-effective solution ensures that you stay on top of federal regulatory changes and industry recommended best practices.

When updates are made you will receive detailed information regarding why the product was updated and what has changed within the product in our Product Update Notification e-mail correspondence. This enables you to make an informed decision on whether to make any changes to the policy or procedure you implemented for your financial institution from the revised template.

BankPolicies.com provides your financial institution with the best bank policy template products available in the industry. You will always be up to date with the latest changes to bank policies and never have to worry about being out of compliance with the various laws, rules and regulations issued by the Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve, Office of the Comptroller of the Currency (OCC), or other federal regulatory bodies that may apply to your organization.

Our dedicated staff of career banking industry professionals are ready to keep your financial institution up to date with the latest bank policy standards and industry best practices. Purchase your bank policies from us today and rest easy knowing you have the right team helping you and your organization stay compliant. We look forward to earning your business for all of your bank policy needs.

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