How was the 1.67% rate determined?

The Texas Education Code as amended during the 77th legislative session allows the university to recover the direct costs charged to the university by the credit card companies. The rate is based on the fees incurred by the university in fiscal year 2004 for the acceptance of credit card payments through ESO or VIPS.

Created: Apr 28, 2005 - 8:24am Updated: Nov 22, 2010 - 3:53am Author: Web Technologies Article: 1304
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