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Division of Information Technology


Online Banking

The processing of financial transactions over the Internet raises obvious security concerns. Although technical measures can be implemented to resolve many of those concerns, those measures can be difficult to set up and maintain, are not fool-proof, and inevitably attract hackers to the servers on which they are installed. Accordingly, sites needing online financial processing capabilities must use a secure, off-campus, insured financial processor to meet the expected security requirements. Any bank accounts opened as a result of such activity must have prior approval of the Office of the University Treasurer. Exceptions must be approved by the Web Policy Council.

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