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#2091566 - 08/04/16 03:42 PM Re: Third Party Payment Processors Local banker
New Manager Offline
100 Club
Joined: Jan 2004
Posts: 136
Good news: we passed on that potential customer.

One more question: is a credit card processor a TPPP? It would seem so, but I'm not 100% sure. How about a merchant processor? I have no experience with either one of these. Thanks!

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#2127610 - 04/24/17 12:55 PM Re: Third Party Payment Processors Local banker
JEF Offline
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Joined: Apr 2017
Posts: 2
My VP of Compliance was of the mind set that TPPP, by definition, are money transmitters. Therefore, we applied MSB procedures. Would you agree with this definition?

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