The system shall comply with the Payment Card Industry (PCI) Data Security Standards. On-line payments will have fee types/fee schedule built into system to interface with external credit card payment processing site. The system will ensure fees charged/interfaced with credit card payment processing site are charged in United States Dollars for payments made outside the United States. Record/Posting Payment Fee Payments are recorded by Fund and Revenue The system shall enable capturing and storing fiscal information and financial transactions. Payments are linked to the appropriate pre-evaluation, exam applicant, license applicant, licensee or enforcement case. Deposit/Revenue Reporting and Reconciliation Generate a daily bank deposit report (detail and summary data). Allow for multiple bank deposits per day. The system will include a daily reconciliation process for verifying all credit card payments posted in the system with the transactions/settlement activity with the external credit card payment processing site (myvirtualmerchant.com). Reconciliation process will audit and report on duplicate credit card payments by individual/credit card settled with external credit card payment processing site. The system will include a monthly reconciliation process to reconcile revenue with Commonwealth of Virginia financial management system (CARS/Cardinal).
The system shall comply with the Payment Card Industry (PCI) Data Security Standards. On-line payments will have fee types/fee schedule built into system to interface with external credit card payment processing site. The system will ensure fees charged/interfaced with credit card payment processing site are charged in United States Dollars for payments made outside the United States. Record/Posting Payment Fee Payments are recorded by Fund and Revenue The system shall enable capturing and storing fiscal information and financial transactions. Payments are linked to the appropriate pre-evaluation, exam applicant, license applicant, licensee or enforcement case. Deposit/Revenue Reporting and Reconciliation Generate a daily bank deposit report (detail and summary data). Allow for multiple bank deposits per day. The system will include a daily reconciliation process for verifying all credit card payments posted in the system with the transactions/settlement activity with the external credit card payment processing site (myvirtualmerchant.com). Reconciliation process will audit and report on duplicate credit card payments by individual/credit card settled with external credit card payment processing site. The system will include a monthly reconciliation process to reconcile revenue with Commonwealth of Virginia financial management system (CARS/Cardinal).
Attachment%20C%20--%20NBPA%20Licensing%20Consolidated%20Requirements%20August%202016.docx