SUCCESSES AND PITFALLS WITH NUISANCE PAYMENTS

Recorded November 14th, 2019 2:00pm ET

Previously Recorded: Thursday, November 14th, 2019 2:00pm ET

Program Level: Intermediate: Building on Basic Card Program Experience

Program Prerequisites: None

Presenters:Presenters: Beth Dubyak, President of Vincent Payment Solutions

Not all payments require the same amount of effort. While some are simple one-time deposits, others may be a series of small-value payments to thousands of individuals that can become a nuisance to academic researchers, accounts payable staff, treasurers, and CFOs. Payment options for these “nuisance payments” range from cash, to gift cards, to reloadable debit cards – but what is best and most secure for your academic organization? Featuring Beth Dubyak, President of Vincent Payment Solutions, this session will highlight best practices for navigating these types of “nuisance payments”, including how to avoid common downfalls on everything from carrying bags of cash at bowl games to common reporting mistakes. We will also dive into the variety of factors that impact an institution’s obligations to make payments and will share their expertise and stories to help you determine what options are the most flexible, secure, and efficient for your organization.