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Two New Policies Added to OBFS Manual

3/3/2010

OBFS has updated its policy manual with the latest policies from the Open Comment period of January 19-February 2. As always, we appreciate the insightful comments and questions from the University community. The next Open Comment Period is scheduled for April 19-30.

At any time you have questions or comments about OBFS Policies and Procedures, contact us at: obfspolicies@uillinois.edu.

The following new and revised policies are now published:

Section 8.14 International ACH Payments http://www.obfs.uillinois.edu/cms/one.aspx?portalId=909965&pageId=913521

This new policy is in response to a federally mandated ACH format change that affects Direct Deposit payments destined for transfer into foreign banks and financial agencies.

Contact
If you have questions about Section 8.14, contact University Payroll Customer Service at payinq@uillinois.edu, or phone: 312-996-7200 Chicago; 217-206-7211 Springfield; or 217-265-6363 Urbana.

Section 19.10 Credit/Debit Card Security http://www.obfs.uillinois.edu/cms/one.aspx?portalId=909965&pageId=914043

The payment card industry (AmEx, VISA, MasterCard, and Discover) has mandated a security standard that must be adopted by all merchants conducting credit/debit card transactions. This new policy documents the University's compliance with this security standard.

Contact
If you have questions about Section 19.10, contact Merchant Card Services at merchantcardhelp@uillinois.edu, or phone: 217-244-9384.

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