December 2011, Issue 25
With the holiday break just around the corner, please allow extra time for routing business documents. There will be updates coming from Financial Affairs about the last check run of 2011.
Effective January 1, 2012, the UTSA credit card payment convenience fee will increase from 1.855 percent to 2 percent. This increase — the first since November 2003 — reflects the current amount UTSA pays for fees imposed by credit card companies.
All credit card payments that are processed through Enrollment Services or Fiscal Services (including departmental credit card payments) and all online tuition and fee payments will include the increased fee as of January 1, 2012.
This fee will not affect departments that accept and process credit card payments online (with a third party vendor) or through a dedicated credit card machine whether or not the fee is charged to cardholders. However, if a department does charge a fee to their customers for the use of a credit card for payment, they can charge the increased fee as of the effective date. If a department is not currently charging the convenience fee to cardholders, there is no requirement to do so.
All related departmental forms will be updated and Fiscal Services will monitor departmental credit card deposits after January 1 to ensure the proper convenience fees are applied.
For more information, see the Fiscal Services Credit Card Payment Policy
Bob Miller
Associate Director of Student Affairs Budget
Office of the Vice President for Student Affairs
Bob.Miller@utsa.edu.