A recent presentation to the Council of University Business Officers (CUBO) reviewed the options available to receive payments for events, sales, conferences and more. Payment options currently include cash and check, automated clearing house (ACH), wire transfers and credit cards.
The presentation focused on credit cards and their methods for acceptance which include the following:
- Web interfaces – Examples: TXShop, Cvent, third party vendors
- Departmentally owned swipe terminals
- Swipe terminal available for loan from Accounting and Financial Management
- Credit card terminal available in Accounting and Financial Management for one-time or occasional transactions
As a reminder, the credit card compliance team must be consulted prior to entering into any contract or agreement with a company to accept credit cards. The credit card team can be contacted at firstname.lastname@example.org.