The Office of the Comptroller of the Currency (the "OCC") defines a third-party relationship as
"any business arrangement between a bank and another entity, by contract or otherwise, including activities that involve outsourced products and services, use of independent consultants, networking arrangements, merchant payment processing services, services provided by affiliates and subsidiaries, joint ventures, and other business arrangements where the bank has an ongoing relationship or may have responsibility for the associated records. Third-party relationships generally do not include customer relationships."
In our policy statement, we specifically exclude from oversight
Please let me know if you have questions, or if I can provide additional information at this time.
Rosalie Stremple, MS-MIS, CTPRP, CBCP