We report more than our Core providers, we review each new relationship and make a determination if BSCA reporting required.
We report any relationships for contracted services for any for the following:
check and deposit sorting/posting, computation/posting of interest, preparation/mailing checks/statements, other clerical, book keeping, accounting, statistical or similar functions, data processing, internet banking or mobile banking services.
We ere on the side of over reporting versus under reporting.
Shelly
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Shelly Chase
Senior Risk Analyst Officer
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Original Message:
Sent: 10-07-2021 08:13 AM
From: Anonymous Member
Subject: BSCA - which vendors do you report?
This message was posted by a user wishing to remain anonymous
We are discussing internally which vendors should be reported to regulators - does everyone only report core vendors (ex: Fiserv)? If you report other vendors, which do you report?
Thanks in advance!