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PolicyWorks and TMG offer due diligence white paper
DES MOINES, Iowa (9/29/09)--PolicyWorks and The Members Group (TMG) have partnered to offer a white paper on due diligence practices. “Do Your Homework; Pass the Exam--Satisfying the National Credit Union Administration with Vendor Selection Due Diligence” outlines a seven-step due diligence process that credit unions can use when selecting a card processor. The relationship a credit union has with its vendor for card processing is the most critical vendor relationship a credit union can have, said Andrea Stritzke, PolicyWorks regulatory counsel. Card processors drive a vital revenue-generating activity for credit unions and house secure member data, Stritzke added. PolicyWorks, based in Iowa, offers regulatory compliance resources for credit unions. TMG is owned by the Iowa Credit Union League and offers customized solutions for credit unions nationwide including credit, debit, ATM and prepaid cards.


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