Treasury partners with Information Technology at Vanderbilt to enable the university’s schools and departments to accept credit card payments for products and services in a safe, secure manner.
For a department at Vanderbilt to accept credit cards they must have a merchant ID account (MID). Setting up a new merchant account is a collaborative effort between the department, Treasury, PCI Compliance, and in some cases, VUIT. The merchant account is a bank account and will ultimately deposit funds into the university’s operating account via Vanderbilt’s merchant card processor. Vanderbilt’s PCI Compliance Office is then tasked with helping Vanderbilt merchants become and remain compliant.