- Controller’s Office
- Treasury Operations
COVID-19 (Coronavirus) Response
Treasury Operations has taken proactive steps to ensure continued service during this unprecedented time. We understand that unexpected and urgent needs may arise and we have prepared a reference page that will provide guidance on using your commercial card as we return to campus. Our team is available to assist if you have questions or concerns about commercial card matters. Please contact us at firstname.lastname@example.org and someone will get back to you as soon as possible.
We appreciate your partnership and patience. Please continue to review our website, as well as the Protecting the Pack website for updates.
Treasury Operations provides cash management services, manages University investments, administers the commercial card programs and oversees credit card merchant services. Department responsibilities include monitoring daily cash needs, initiating and approving electronic bank transactions, tracking and issuing debt service payments, coordinating incoming and outgoing international exchange transactions, investing excess funds, assisting commercial cardholders, managing the PCI DSS compliance program, and serving as liaison to all financial partners.
Cash Management Services refers to the daily monitoring of the University's bank account activity and balances. The review of daily cash needs provides a planning mechanism for the use of funds required specifically for accounts payable, student refunds, payroll, investing, and debt service.
Electronic Funds Transfers
Northern Illinois University primarily uses Automated Clearing House (ACH) and some wires to complete domestic (within the US) transfers.
Requests for outgoing electronic transfers must be initiated through Accounts Payable Services.
Departments should notify Treasury Operations via email (Treasury@niu.edu) of all funds they expect to receive.
Incoming International Wires:
Northern Illinois University has partnered with Flywire to offer an innovative and streamlined way for students and customers to make international payments. Flywire's mission is to save international students, their families, and international commercial customers money that would otherwise be lost on bank fees and unfavorable foreign exchange rates. In most cases, payments can be made in a payee's local currency, and the foreign exchange rates are excellent compared to traditional banks. In addition, payments will be posted to university accounts faster, and users will be notified by email when the transfer is complete.
International Student Payments:
Please see the Bursar's website for instructions.
International Non-Student Payments:
To send an international wire to Northern Illinois University for payment other than student tuition and fees, please contact Treasury Operations at Treasury@niu.edu or 815-753-6242.
Outgoing International Wires:
Requests for outgoing, international wire transfers must be initiated through Accounts Payable Services. Payments can be made in most foreign currencies. Suppliers should provide the university with invoices in their local currency. Foreign currency international wires have lower fees and settle faster than USD transactions.
NIU Merchant Services facilitates payment card acceptance and assists DoIT in managing the university's Payment Card Industry Data Security Standards (PCI DSS) compliance program.
Merchant Request Form (PDF)
PCI DSS is a set of 12 requirements for safely processing credit card transactions. It applies to all merchants who process, <transmit and/or store credit card data. Treasury Operations and DoIT facilitate the University PCI DSS Compliance Program. Compliance includes, but is not limited to, ongoing training, documented procedures, annual merchant self-assessments, and external quarterly scans.
NIU has partnered with Trustwave to provide online self-assessment questionnaires.
The Payment Card Merchant Security Policy can be found on the DoIT website.