FFIEC IT Examination Handbook
Wholesale Payment Systems booklet (July 2004) – FFIEC IT Examination Handbook

FFIEC IT Examination Handbook WPS-15: Vendor and Third-Party Management (Wholesale Payment Systems)

The institution has adequate due diligence processes, appropriate contract provisions and provider monitoring procedures for the third parties and other institutions that supply wholesale payment products and services, monitors selected wholesale transactions for accuracy, reliability and timeliness, and applies the vendor management and control considerations of the Outsourcing Technology Services booklet to those relationships.

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