Eligibility Requirements

Mentor

• Entity regulated by the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation (FDIC), or the National Credit Union Administration.
• Total consolidated assets more than or equal to $50 billion as of December 31, of the prior calendar year.
• Adherence with all the requirements applicable to Financial Agents of the United States contained in 31 CFR Part 202.

Protégé

• Entity regulated by the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation (FDIC), or the National Credit Union Administration.
• Minority-owned or Women-owned banks (50% or more ownership) or total consolidated assets less than or equal to $2 billion as of December 31, of the prior calendar year and serving a low-income community.
• Adherence with all the requirements applicable to Financial Agents of the United States contained in 31 CFR Part 202 and 225.
• Experience in merchant services relating to payments and collections or interest in gaining this type of experience.

Financial Institutions who want to serve as mentors or protégés should send an e-mail to BPO@fiscal.treasury.gov to discuss their interest.