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#2098407 - 09/14/16 02:38 PM Third-Party Credit Card Processors
skitts Offline
Junior Member
Joined: Dec 2014
Posts: 42
Good morning -

I just discovered we opened our first account for a third-party credit card processor. I am doing some research, but thought I would ask what your f.i. does as far as BSA goes? Because of the large amount of ACH transactions expected, I am considering placing the business as a high risk entity, filling out an EDD form, conducting a semi-/annual review, and performing onsite visits. Is this overkill, or is there something I am missing? Any advice you can offer would be greatly appreciated!

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#2098409 - 09/14/16 02:53 PM Re: Third-Party Credit Card Processors skitts
edAudit Offline
Power Poster
edAudit
Joined: Jul 2008
Posts: 4,733
You are here
finding out why the opened it without the BSA departments knowledge would be my first step followed by your suggestions.
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