Treasury Services

Treasury Services are responsible for OFAC compliance; execution of domestic and FX wire payments; cash position reporting; daily interaction with banking partners; signature card and account service updates; updates to Treasury policies, procedures, and control documentation; ongoing adherence to controls; submission of EFT-related journal entries; and updates to budget and liquidity schedules.

Primary Responsibilities and Service Offerings

Custody, control, safekeeping, and performance of the University's Treasury assets
Management of banking relationships
Management of bank account and fee structures
Liquidity management
Short-term investment management
Cash and liquidity forecasting and variance analysis
Working capital program management
Banking and depositing advisors to University departments
eCommerce advocacy and program management:
- Solutions that eliminate cash, checks and paper transactions in favor of electronic:
  - Merchant card program management
  - Data security awareness and PCI DSS compliance
  - Department remote deposit administrators
  - Prepaid/stored value cards administration
  - Corporate travel card management
Management and Rating Agency reporting.

e-Commerce

Treasury Services is responsible for the technical administration for all merchant card (credit card acceptance) locations, and ensuring that all locations remain compliant with PCI-DSS (Payment Card Industry – Data Security Standards). In addition, Treasury Services administers and supports Event Registration, an online event registrations tool used across the University. Treasury Services is generally charged with finding innovative ways to move University constituents away from cash and check exchange, and toward electronic payments and receipts.

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Depository Services

Treasury Services focuses on efficient and safe departmental bank deposits and accurate/timely cash receipt ticket creation by depositing staff. Other services include bank deposit training; unidentified wire research, bank account transaction review and daily reconciliation efforts. Treasury Services also administers remote deposit technology and prepaid card solutions to departments on both campuses and is generally charged with reducing University reliance on cash, checks, and paper in favor of electronic solutions.

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Accepting Credit Cards at Northwestern

All university staff accepting credit cards must complete the following annual requirements: