Banking and Reconciliation
ACH, Automated Clearing House – refers to an electronic payment that is cleared by the NACHA network. This item is processing and settles the following day. (Also see Wire)
Automatic Journal, Autojournal (formerly called MSD, Merchant Service Deposit) – Journals can be automated in the general ledger in PeopleSoft for unique and repetitive deposits and fees. This process was originally automated for all credit card merchant deposits and fees. This automated process is also available for other repetitive transactions. Departments may specify a chartfield combination and this is mapped to the bank transaction detail to create journal entries. This process is set up when credit card merchant accounts are opened. Other repetitive transactions may be automated. Please contact the Treasurer’s office for further information.
Chart Field – refers to the chart of accounts of the general ledger to identify a department or unit’s financial transactions. It includes a BU (Business Unit), ORG (OSU organization), FUND, and ACCOUNT. The chartfield is assigned by the Controller’s office to classify deposits and payments in order for departments to have their transactions recorded in the University’s general ledger system.
Wire – refers to an electronic payment processed and settled the same day for domestic wires. International wire settlement dates varies by country.
Foreign Draft – refers to a customized check sent to a foreign country. Please contact AP for further details.
Credit Card and PCI Compliance
Cardholder Data – refers to displaying or printing more than the last four (4) digits of a customer’s sixteen (16) digit credit or debit card number.
Payment Card Industry (PCI) Data Security Standard (DSS) – Standard set of requirements for the secure processing of payment card transactions
Merchant - A department, entity, or affiliate that accepts cardholder payments. An OSU merchant is assigned a merchant account number by the Office of Financial Services.
Payment Gateway – A payment gateway is a type of service provider that transmits, processes, or stores credit cardholder data as part of a payment transaction.
Service Provider - A vendor that provides access to the Internet and to applications to facilitate the processing, transfer, and/or storage of credit card information.