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<span style="font-size:10.0pt;color:#1F497D">Jena:<o:p></o:p></span></p>
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<span style="font-size:10.0pt;color:#1F497D">The costs associated with processing credit cards continues to grow each year, and the University wants to continue to offer the option to pay by credit card. Unfortunately, Oklahoma State cannot absorb these costs.
In order to address a $1.5 million annual drain on its budget, Oklahoma State University made changes January 2009 in the way credit card payments were accepted for bursar accounts by passing the cost of the credit card convenience fee along to those using
the service. The convenience fee of 2.75% ($3.00 minimum) charged by our third party processor, TouchNet, covers the cost of processing credit and debit card payments. OSU does not receive any part of the convenience fee.
<o:p></o:p></span></p>
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<span style="font-size:10.0pt;color:#1F497D">Hope all is well!<o:p></o:p></span></p>
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<span style="font-size:10.0pt;color:#1F497D"><o:p> </o:p></span></p>
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<span style="font-size:10.0pt;color:#1F497D">k<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><i><span style="color:#FF9900">Kathy Kamm Elliott<o:p></o:p></span></i></p>
<p class="MsoNormal"><span style="color:#1F497D">Associate Vice President and Controller<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Oklahoma State University<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">207 Whitehurst Hall<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Stillwater, OK 74078-1041<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">405.744.4188<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">405.744.6404 (Fax)<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><a href="mailto:kathy.elliott@okstate.edu">kathy.elliott@okstate.edu</a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"> <o:p></o:p></span></p>
<p class="MsoNormal"><b><i><span style="font-size:10.0pt;color:#1F497D">We’ve got two lives. One we’re given and the other one we make.</span></i></b><span style="color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><i><span style="font-size:7.5pt;color:#1F497D">Mary Chapin Carpenter</span></i><span style="color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"> <o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> cobo-bounces@lists.onenet.net [mailto:cobo-bounces@lists.onenet.net]
<b>On Behalf Of </b>Jena Marr<br>
<b>Sent:</b> Monday, July 29, 2013 4:02 PM<br>
<b>To:</b> 'cobo@lists.onenet.net'<br>
<b>Subject:</b> [Cobo] Credit Card Convenience Fees<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Good Afternoon Business Officers,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Just sending a quick note to see what other schools are doing as far as charging back the students the credit card fees when using Visa, MasterCard, Discover, or American Express to pay their tuition and fees.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">We are thinking of charging a 2.75% fee beginning this fall but wanted to see what you guys are doing first.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thanks for any input! <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><i><span style="font-size:14.0pt;font-family:"Bradley Hand ITC";color:#C00000">Jena L Marr, MBA, CPO<o:p></o:p></span></i></p>
<p class="MsoNormal"><i>Vice President for Finance and Campus Services<o:p></o:p></i></p>
<p class="MsoNormal"><i>1300 South Country Club Road<o:p></o:p></i></p>
<p class="MsoNormal"><i>El Reno, OK 73036<o:p></o:p></i></p>
<p class="MsoNormal"><i>Phone: 405-422-1265<o:p></o:p></i></p>
<p class="MsoNormal"><i>Fax: 405-422-1232<o:p></o:p></i></p>
<p class="MsoNormal"><i>Email: <a href="mailto:Jena.Marr@redlandscc.edu">Jena.Marr@redlandscc.edu</a><o:p></o:p></i></p>
<p class="MsoNormal"><i><o:p> </o:p></i></p>
<p class="MsoNormal"><img border="0" width="132" height="143" id="Picture_x0020_1" src="cid:image001.png@01CE8D0D.7B8ECB10" alt="75 years"><o:p></o:p></p>
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