FFIEC IT Examination Handbook
Retail Payment Systems booklet (April 2016) – FFIEC IT Examination Handbook

FFIEC IT Examination Handbook RPS-20: Merchant Acquiring (Retail Payment Systems)

An acquiring bank is the risk-controlling entity throughout the credit card process whatever merchant acquirers, ISOs or member service providers it uses, and manages the credit, fraud, compliance and reputation risk of its merchant portfolio through merchant underwriting and due diligence, monitoring of transaction activity and chargebacks, reserves and holdbacks, oversight of ISO and processor relationships, adherence to network rules and PCI DSS, and the further controls the booklet describes.

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