The annual University-wide PCI Compliance audit has come to a close, and our processor has accepted our compliant SAQ D report. Although PCI Compliance at the University is an every- day business process, our next revalidation date is May 28, 2025.
This fiscal year (FY24), Treasury helped to train 848 learners with our online PCI Compliance training through the University’s learning management systems. In addition, Treasury worked with the campus merchants to complete 226 self-assessment questionnaires and the campus merchants processed 2,076,909 transactions and $60,614,209 in sales through the Treasury accounts. The University Merchants continue to hold a low chargeback ratio of less than .05%, which reduces our loss risk, and allow us to negotiate the best pricing at contract renewal. Overall FY24 was a great year for Merchant Services!