Third-Party Payment Processors Policy
The purpose of this Third-Party Payment Processors Policy Template is to address the contractual and/or deposit relationships of a bank, credit union, fintech company, or other type of financial institution with non-bank or third-party payment processors (TPPP) that provide payment processing services to merchants and other business entities.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Risk Management – Topic 3
- Risk Mitigation – Topic 4
- Due Diligence and Account Monitoring – Topic 5
- Audit Policy – Topic 6
- Staff Training – Topic 7
- Retention of Documentation – Topic 8
NOTE: This product is intended to be a supplement to a financial institution’s vendor management policy. For a complete solution, please refer to our Vendor Management Program Policy Template which contains the full text of this template in addition to other related regulatory guidance.
This Third-Party Payment Processors Policy Template (approximately 11 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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