In the event of non-compliance, the Office of the Treasurer reserves the right to revoke those privileges until which time compliance is achieved. The daily net sales will automatically settle into the appropriate bank account designated by the Office of the Treasurer. Income is placed into the valid IU FIS account number specified on the Departmental Request to Process Payment Cards. There is approximately a 24-hour difference from settlement date to ledger entry date. This should be done on a daily basis.
Any discrepancies are the responsibility of the department to reconcile.
If you are unable to reconcile any discrepancy, notify the Office of the Treasurer, Payment Card Services immediately. It is the responsibility of the Department to respond to all Copy Requests. You will be notified of a copy request via campus mail by Payment Card Services. When replying you should include the sales draft, the authorizing signature, and any associated credits or documentation. Your income account specified on the Departmental Request to Process Payment Cards will be charged for the disputed item via an FIS document.