We are pleased to announce that Troutman Sanders partner Keith Barnett will be a featured speaker during a live webinar entitled “Best Practices for Banks in Third-Party Payment Processing” on Thursday, June 9 at 2:00 p.m. EDT.

Banks with third-party payment processor (TPPP) customers have received a great deal of regulatory scrutiny over the past several years.  Many banks made the decision to quit their TPPP programs in an effort to “derisk” in search of regulatory relief.  However, letting go of these relationships cost these banks a source of non-interest fee income as well as some very nice deposit relationships.

Rather than taking the derisking approach, there is an opportunity to implement best practices that align with the expectations of the regulators.  The Third Party Payment Processors Association has developed and refined best practices for both banks and payment processors with a holistic approach to compliance and risk management.  The TPPPA Compliance Management System (“CMS”) is a control framework that embodies these best practices.

Learning objectives of this webinar include:

  • review recent consent orders against banks with TPPP programs and discuss the lessons to be learned;
  • discuss the primary components of a risk-based compliance management system for bank TPPP programs; and
  • discuss the value to the bank of having TPPP customers.

To register for the webinar on June 9, please click here.

The Third Party Payment Processor Association Annual Conference is taking place June 14-16 at the Bank of America Plaza in Atlanta.  For additional information on the annual conference or to register, click here.