13 11, 2018

What is a SOC 1 Report?

2018-11-13T16:49:26+00:00

What is a SOC 1 Report? A Service and Organization Control Report explained. A SOC 1 Report (Service and Organization Controls Report) is a report on Controls at a Service Organization which are relevant to user entities’ internal control over financial reporting. The SOC1 Report is what you would have previously considered to be the [...]

What is a SOC 1 Report?2018-11-13T16:49:26+00:00
13 11, 2018

What is a Surcharge?

2018-11-13T16:45:39+00:00

What is a Surcharge? A surcharge, often called convenience fees, pass the cost of processing a credit card onto the person initiating the transaction or purchase.  In your case, a tuition payment.  The convenience fee offsets the cost of processing credit cards, netting the school 100% of the transaction, thus zero cost card processing. Surcharges or Convenience Fees [...]

What is a Surcharge?2018-11-13T16:45:39+00:00

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