System Procedures
Chapter 7 - General Finance Provisions
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Procedure 7.3.17 Electronic Payments
for Board Policy 7.3
Part 1. Authority. Board Policies 1A.1
and 1A.3 delegate authority to the chancellor to develop procedures
to implement policy 7.3.
Part 2. General. Use of credit cards,
debit cards or check cards processed as credit cards without the
use of a personal identification number, and electronic checks
(also known as “e-checks” or ACH payments) for payment
of obligations has gained widespread acceptance in business operations
of all types. This procedure is intended to offer the convenience
of electronic payment options to students and colleges and universities,
and to ensure sound and reasonable management of such payment
processes at a reasonable cost to all colleges and universities.
Part 3. Offering Electronic Payment Options.
Colleges and universities shall offer electronic payment
options to students including one or more of the following choices:
credit cards, debit cards and check cards processed as credit
cards, and electronic checks.
Subpart A. Web-based electronic payment.
Colleges and universities shall offer students at a minimum
the option of paying tuition and fees through use of a payment
option accessible through the college or university web site.
The college or university web site must connect through the
common system-wide e-payment processor selected for this purpose.
Subpart B. Other electronic payment options.
Colleges and universities may offer students the option
of paying tuition and fees through other electronic payment
options, such as telephone, at the cashier’s window, and
so on. Colleges and universities are encouraged to interface
such other electronic payment options through the common systemwide
processor in order to maximize processor volume and minimize
related volume-based fee rates. Use of a single processor also
simplifies the processing of refunds for payments made by credit
card in that such refunds must be made through both the same
credit card and same merchant agreement.
Part 4. Directing Payment. Colleges
and universities shall allow students making an electronic payment
to direct payment to their choice of common payment groups as
identified within the payment system (e.g., tuition and fees,
housing, individual customized training courses, library fines,
etc.). Directing payment to certain payment groups does not eliminate
the students’ obligation for payment of the other listed
charges.
| Date of Implementation: |
01/01/06
|
| Date of Adoption: |
12/20/05 |
| Date &
Subject of Revisions: There
is no additional history for procedure
7.3.17 |
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