File code: TECH.CCHANDLING.POL
Approval Date: 8/30/10
Approved By: President
Credit Card Handling Policy
The major credit card issuers created PCI (Payment Card Industry) compliance standards to protect personal information and ensure security when transactions are processed using a credit card. All members of the payment card industry (financial institutions, credit card companies and merchants) must comply with these standards if they want to accept credit cards.
All university areas accepting credit cards as payment (defined as merchants) for items or services are required to take appropriate measures, as defined in the Administrative Procedures under Credit Card Handling & Compliance Procedures, to comply with PCI DSS and to protect cardholder information.