Payment Systems Policy
This Payment Systems Policy is for a bank, credit union, fintech company, or other type of financial institution to utilize various payment systems in order to effectively transfer value. In general, the transfer of value is accomplished by payments that are transacted in various ways, such as by check, automated clearing house (ACH), and wire transfer.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Definitions – Topic 3
- Risk Management – Topic 4
- Payment Systems Overview and Types – Topic 5
- Reporting – Topic 6
- Staffing – Topic 7
- Strategic Planning and New Activities – Topic 8
- Oversight of Third-Parties – Topic 9
- Payment Systems Membership Requirements – Topic 10
- Automated Clearing House Direct Access – Topic 11
- ACH Third-Party Service Providers and Third-Party Senders – Topic 12
- Mobile Payments – Topic 13
- Operational Risk Management – Topic 14
- Credit Risk Management – Topic 15
- Liquidity Risk Management – Topic 16
- Audit Policy – Topic 17
- Staff Training – Topic 18
- Retention of Documentation – Topic 19
This Payment Systems Policy (approximately 42 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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