The Chief Technology Officer must be able to do the following task in their job function: 1  The Chief Technology Officer with a team of Information Technology decision makers, are responsible for building the IT framework, policy and safeguards of a business unit.he CTO works with all facets of the business and has cross functional responsibilities for IT and Management as well as external partners in making sure that the information technology infrastructure and digital property is fully operational.
A payment system is any system used to settle financial transactions through the transfer of monetary value, and includes the institutions, instruments, people, rules, procedures, standards, and technologies that make such an exchange possible.hese include debit cards, credit cards, electronic funds transfers, direct credits, direct debits, internet banking and e-commerce payment systems. Some payment systems include credit mechanisms, but that is essentially a different aspect of payment.
Payment terms are established by the Purchasing Department and dictate when payments to non-employee suppliers will be made. Generally, the university employs a âNet 45â³ payment term meaning that the payment will be issued 45-days from the date of the suppliers invoice.ithin the PeopleSoft Financials System, payment terms are established for each supplier. Invoices processed by Accounts Payable will reflect those terms and the payment due date will automatically be calculated by the system. Accounts Payable does not designate a payment date as this is entirely system driven.