As many of you are aware, the University’s credit card policies and procedures have been assessed by a Qualified Security Assessor from 403 Labs, Walt Conway. This assessment was mandatory by the major credit card companies (Visa, MasterCard, American Express and Discover) for the University to obtain annual compliance with the Payment Card Industry (PCI) and continue accepting payment cards. The University has adopted Walt’s recommendations as University policy. However, Walt’s assessment is only the beginning of our compliance and all procedures and policies regarding payment card transactions must be closely monitored.
Please follow the Departmental Credit Card Charge Form Instructions very carefully. All card holder information must be protected. If not, the University could be subject to huge fines including the loss of accepting payment card transactions.
Loyola University departmental staff is no longer allowed to process payment card transactions through their work computers. By processing payment cards through work computers, the computers become “payment terminals” which puts the University vulnerable to hackers and violates our compliance of PCI regulations. As technology advances within the 21st century, so do the minds of the evil hackers who lurk around trying to steal identities and sensitive information.
If you are currently processing payment cards through your work computer, please contact the Bursar, Shannon Duplantis, immediately to make arrangements to either secure a computer in your department or discuss other options for payment card processing.