![]() How will this charge appear on my credit card statement? Some of the schools no longer accept credit cards at all. In a 2014 survey, 90% of the public institutions surveyed charge a fee for credit card payments. Yes, there is an increasing number of schools who have made a similar transition. Are other universities making a similar change? This service accepts all major credit cards, including Visa, MasterCard, Discover and American Express. What credit cards does TouchNet PayPath accept? They are also able to make cash or check payments in person and or they can mail a check to the UNM Bursar’s Office. Students, staff and retirees are able to make payments free of charge via electronic check utilizing a checking or savings account. The service fee percentage, as well as the $3.00 minimum, is established by TouchNet PayPath and aims to cover credit card processing costs. The University of New Mexico does not receive any proceeds from this service fee. This service fee is charged by TouchNet PayPath and covers the cost of processing credit/debit card payments. Why is UNM charging a service fee to accept credit/debit cards as a form of payment? Additionally, TouchNet is a PCI-PA-DSS (Payment Card Industry Payment Application Data Security Standard) compliant vendor who greatly assists UNM in safeguarding our community’s cardholder data. is a leader and provider of payment processing technology for Colleges and Universities. Frequently Asked Questions Who is TouchNet? Credit Card Service Fee Credit Card Acceptance and Service Fee InformationĪs credit and debit card payment processing has become increasingly expensive due to the fees charged by credit card companies and the costs associated with securing cardholder data, beginning August 11, 2016, the University of New Mexico outsourced all credit and debit card processing to TouchNet Information Systems Inc.Īs a result of this transition, a 2.85% service fee (minimum $3.00 fee) will be assessed on all credit and debit card payments processed by TouchNet via their PayPath service.
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