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General Description
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Description:
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Information about transaction identification and verification relative to Red Flags Identity Theft Policy.
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Purpose:
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Delineation of policy and procedure.
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Scope:
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All faculty, staff, students, and administrators
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Responsibility:
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Administration
Executive VP
VP of Business and Finance
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Requirements
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Relevant Knowledge:
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In order to comply with this policy you should know:
Current University policy
Federal statutes
Local statutes
Standard company policies
Standards of good practice
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Terms and Definitions:
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Additional training
Corrective Action
Loss of privilege, general
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Policy Provisions
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1.
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Transaction Identification and Verification
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The University requires company representatives to verify adequate means of identification from a person before they can transact business with a check, credit card, or debit card on behalf of themselves, a group or an entity.
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1.1
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Personal or Company Check Transactions
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University representatives must not accept a check for payments without adequately verifying at least one form of identification from the following list of current and non-expired forms of identification. | 1. |
US State Driver’s License |
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Alien Registration Card |
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1.2
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Credit or Debit Card Transactions
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University representatives must not accept credit card or debit card payments without adequately verifying at least one form of identification from the following list of current and non-expired forms of identification. | 1. |
US State Driver’s License |
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Alien Registration Card |
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Credit / Debit Card Number |
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Performance Evaluation
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Performance Metrics:
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Compliance with standard policy and procedure
Compliance with federal mandate
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Consequences:
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Further training
Loss of privileges
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Subject Experts
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The following may be consulted for additional information.
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Executive VP
VP of Business and Finance
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