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Managing Risks in Third-Party Payment Processor Relationships

3 Supervisory Insights Summer 2011 Managing Risks in Third-Party Payment Processor RelationshipsDuring the past few years, the Federal Deposit Insur-ance Corporation (FDIC) has observed an increase in the number of deposit Relationships between financial institutions and Third-Party Payment processors and a correspond-ing increase in the Risks associated with these Relationships . Deposit rela-tionships with Payment processors can expose financial institutions to Risks not present in typical commer-cial customer Relationships , including greater strategic, credit, compliance, transaction, legal, and reputation risk.

Automated Clearing House Debits The ACH network is a nationwide ... Third-party payment proces-sors initiate ACH debit transfers as payments for merchant clients by submitting these transfers, which ... forward them for processing. Similar to the responsibilities associated with the ACH network, the financial institution ...

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  House, Processing, Payments, Automated, Clearing, Automated clearing house

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