CFS Credit Card Fee FY 2017-18
Please be advised that effective July 1, 2017, the new rate for the Campus Credit Card Fee is 0.3709% as approved by the UCLA Policy Committee on Sales and Services Activities and Service Enterprises (POSSSE).
The fee will cover costs related to credit card acceptance and compliance, reconciliation and CASHNet support incurred by campus departments. As of FY 2017-18, the fee is based on full cost recovery and includes all related CFS ITS expenses. Furthermore, the fee structure has been simplified and no longer distinguishes between CDE (Cardholder Data Environment) and non-CDE Merchants. The fee will be recognized as revenue amongst Treasury Services, Accounting & Cash Management, and Payment Solutions & Compliance.
It should be noted that this fee is not to be confused with merchant fees which are a separate charge by banks and financial institutions.
Please see the rate derivation under Related Information.
Please submit any inquiries to AskACM@finance.ucla.edu.