What is a uconn payment store A new payment option for smaller departments to accept credit card payments online It typically takes a week for your store to be developed and ready to take payments ID: 729861
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Slide1
UConn Payment Store
Office of the bursarSlide2
What is a uconn payment store?
A new payment option for smaller departments to accept credit card payments online.
It typically takes a week for your store to be developed and ready to take payments!Slide3
UC Payment
Store
Store request and set up can be completed in about a week.
PCI compliance
and
SAQ process is centralized in the Bursar’s
OfficeBursar's office is responsible for settlement and submission of CCR’s in KFS (dept. is still responsible for reconciliation of KFS accounts to ensure proper receipt of funds)Bursar’s Office handles monthly invoice and charges department’s based on their individual payment volumes. Approximate fee is between 2-4% of sale.
Departmental MerchantAccount
Lengthy justification and approval process.Department is responsible for PCI compliance including annual SAQ process, appropriate security controls and ensuring training of relevant staffDepartment is responsible for all administrative duties including settlement, reconciliation and submission of CCR’s in KFS.Department is responsible for reconciling monthly invoice and payment of bill.Slide4
Cost
Service charges are typically 2-4% of the transactions and vary based upon card type (Visa, MasterCard, Amex, etc.)
Billed by Cash Operations to the department at the end of each month.Slide5
Notification of payment
Cash Operations receives a report that shows all of the payments for the day.
Cash Operations will then record the revenue in KFS- which eliminates the need for the department to submit an
edoc
.
Any
edoc with payments from the department’s store will be FYI’d to the main contact so they can review the attached report with payment details.Slide6
Office of the Bursar WebsiteSlide7
Request a store
Cash Operations will review the request and email back as to whether or not your store request has been approved.Slide8
UConn Payment StoreSlide9
UConn payment Store
You will then work with our website developer to have your store developed.
It typically takes a week for your store to be developed and ready to take payments!Slide10
Types of Payment Stores
Specific
amount for product/service store.
Non-specific amount for product/service store.Slide11
Specific Product/Service Payment
Specific amount for product/service.
Examples: purchase a ticket, purchase a textbook, purchase a shipping fee.
School of Fine ArtsSlide12
“Customized” Payment
Non-specific
amount for
product/service.
Examples:
payment for rent, donation.
Facilities Operations and Building Services Slide13
Questions?