Mitigating TPPP Risks

Answered by:

Question:

How do we mitigate risk on a third party payment processor?

Answer:

Knowing Your Customer’s Customer (KYCC) is an important part of the process to successfully bank third party payment processors. For starters, review your contract, make sure you look at merchant client lists, check for complaints against the businesses, and look for transactions that are suspicious.

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Learn more about Deborah’s webinar Banking Third Party Payment Processors