Exit strategies for critical third-party services require documented and feasible testing against migration and disruption risks. Payment Service Providers must identify, document and, where practically feasible, test exit strategies for Third-party Service Relationships involving ... Summary
Exit strategies for critical third-party services require documented and feasible testing against migration and disruption risks.
Payment Service Providers must identify, document and, where practically feasible, test exit strategies for Third-party Service Relationships involving critical services. Exit planning must address planned service migration and adverse events, including legal or contractual breaches, deteriorating service quality, provider governance, financial, resilience or risk-management weaknesses affecting critical services, and extended disruptions that cannot be managed through other business-continuity measures.
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