The IUPayPlus Departmentally Managed version allows for us to set your department up with its own merchant account at our processing bank. This means that customers will see your department name on their bank statement.

Monies for approved transactions are deposited into the KFS account provided during the set-up process. These postings occur during the nightly batch process on Sunday-Friday. Additional information regarding Accounting for Transactions is available here.

The associated fees for this type of set-up are the actual credit card processing fees as charged by our processing bank. The fees vary based on card brand and type. These fees are charged on a monthly basis. For additional information regarding Accounting for Fees, please follow this link.