The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard for organizations that handle cardholder information for the major debit, credit, prepaid, etc. cards.
All credit card payments to USMF our processed through CyberSource, a third-party, PCI-compliance service organization; UMCES and UMBC also have their own giving websites for alumni donations, Give Campus and Stripe respectively. No credit card payments will be received by USMF over the phone or through the mail given the sensitivity of financial information.
Credit card gifts are recorded in the Advance donor software system after the transaction has been authorized. These gifts are posted to the appropriate USM Foundation account throughout the month. Fees associated with the credit card transaction are charged to the account as an expense at month-end as part of the credit card bank reconciliation process.
Non-gift credit card receipts are recorded to the appropriate USM Foundation accounts at month-end as part of the credit card bank reconciliation process and are also charged the associated fees.
Credit card fees are allocated as a flat percentage of the credit card charge. This fee percentage is reviewed periodically and adjusted as needed to ensure all credit card fees are being allocated.