Payment Acceptance

Policy No: FI006

Policy Statement

The Fashion Institute of Technology (“FIT” or “the college”) established this policy to ensure the proper management of financial assets. The policy aims to prevent errors, losses, misuse of funds, and fraudulent activities. All college employees must adhere to these guidelines when they handle any kind of funds (i.e., cash, checks, money orders, credit/debit cards, or any other electronic transactions).

Who is Affected by this Policy

• Faculty, staff, student employees, students, and third-party service providers of the college with responsibility, authority, or stewardship over financial assets, including Cash and Card Payments. 

Policy Information

• Responsible Administrator: Vice President for Finance and Administration
• Responsible Office: Office of the Controller
• Implementation History: Issued September 2025
• Contact(s): Office of the Controller; Office of the Bursar; FIT Foundation

View Official Policy

FI006, Payment Acceptance (.pdf)
*This PDF document is the official version of this policy.