EastPay Logo
Search the Site:
 
Not a member? Join

 
OCC Issues Bulletin for National Banks

OCC Issues Guidance to National Banks

April 24, 2008


Purpose

This bulletin presents guidance to national banks for due diligence, underwriting, and monitoring of entities that process payments for telemarketers and other merchant clients. As detailed in several OCC issuances, certain merchants, such as telemarketers, pose a higher risk than other merchants and require additional due diligence and close monitoring. This bulletin supplements, but does not replace, existing guidance related to Automated Clearing House (ACH) risk management, merchant processing, and remotely-created checks (RCCs).

For the complete bulletin visit http://www.occ.treas.gov/ftp/bulletin/2008-12.html

Operations Bulletins

The information contained on this page is intended for our members only. If you are a member please click here to login.

 

If you are not a member, please click here to access membership information.

NACHA Phishing Update

The information contained on this page is intended for our members only. If you are a member please click here to login.

 

If you are not a member, please click here to access membership information.

CAPP Exercise

 

The information contained on this page is intended for our members only. If you are a member please click here to login.

 

If you are not a member, please click here to access membership information.