Campus ID News
Card, mobile credential, payment and security

Who is minding our cash drawers?

CampusIDNews Staff   ||   Aug 01, 2002  ||   

Welcome Back!

As this issue is being sent, most of you are in the throws of registration, orientation and for some the beginning of the fall semester. We hope the summer has been productive for you.

In this issue, there is an article that I believe may be the most important we have run in CR80News to date. In Understanding Financial Controls: Minimizing the risk for employee theft in a card office, we examine practical steps that you can take to reduce the likelihood of theft from your card program or other business unit. Embezzlement from college auxiliaries is not nearly as rare an occurrence as one might think. I was personally involved with one institution from which a card program employee stole more than $200,000 in card account deposits before being uncovered, convicted, and jailed for embezzlement.

Remembering how that crime went undetected for more than one year, I decided to spend some time examining the financial controls used in other card offices. I was shocked by the lack of controls in place at some institutions. I would be willing to bet that embezzlement is occurring from more than a few of our programs right now. The steps described in this article will help you to both prevent embezzlement in the future and detect it if it is already underway.

Be sure to read this important article and share it with the managers that report to you. Make one of your goals for the closing quarter of the year the strengthening and codifying of your financial control procedures. It is simply too important to overlook.

Have a great–and theft-free–start to the new school year.

Chris Corum
[email protected]

|| TAGS:
Subscribe to our weekly newsletter


May 26, 23 / ,

Penn State adds mobile ordering to campus app

Penn State has added a mobile ordering feature to its comprehensive campus mobile app, Penn State Go. The Penn State Eats Mobile function is available for use by students on the flagship University Park campus, as well as across the university's Commonwealth Campuses.
May 26, 23 / ,

NAU leverages delivery robots to support late-night dining

Northern Arizona is leveraging Starship delivery robots and the mobile ordering app in a clever way to prop up late night dining, and putting a twist on the ghost kitchen concept. The university has launched its Hole in the Wall dining window that now serves either pickup or robot delivery for students by offering a number of dining concepts all from a single, concession-style window.
May 25, 23 / ,

HID's Technology Partner Program helps companies develop mobile solutions

Trusted identity solutions provider, HID Global, has announced its HID Origo Technology Partner Program, the company’s first program dedicated to partners with a focus on mobile technologies. The Origo Technology Partner Program is designed to help technology partners by providing the ideal platform for organizations to design, test, and market products that integrate with HID Origo via APIs and SDKs.
CIDN logo reversed
The only publication dedicated to the use of campus cards, mobile credentials, identity and security technology in the education market. CampusIDNews – formerly CR80News – has served more than 6,500 subscribers for more than two decades.

Join us, @NACCUorg, and @TouchNet to explore how campus card programs can successfully navigate the sales and procurement process. Join the webinar on June 6, 2 pm EDT.

Webinar: Learn how the University of Arizona uses campus cards, mobile ordering, kiosks, lockers, and robots to revolutionize campus dining. April 7, 2-2:30 EDT. Register Now at

Load More...
CampusIDNews is published by AVISIAN Publishing
315 E. Georgia St.
Tallahassee, FL 32301[email protected]
Use our contact form to submit tips, corrections, or questions to our team.
©2023 CampusIDNews. All rights reserved.