Word: debits
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...College will now allow student organizations to receive debit cards associated with their Harvard bank accounts, reversing an earlier decision to prohibit the use of the cards...
Associate Dean of the College Judith H. Kidd and Assistant Dean of the College Paul J. McLoughlin II said yesterday they reversed the decision because student groups need to order supplies in bulk and online—an action that requires a credit or debit card...
McLoughlin said that the debit cards will be issued to the president of the group and will only be valid for one academic year. In addition, groups that wish to use the debit card service will be assessed a $5 annual...
While groups that embark on world tours, such as the Harvard Din and Tonics, find debit cards very useful, the cards are not appropriate for all groups, Kidd said...
...When the debit restriction was imposed this summer, McLoughlin said the dean’s office wanted to increase accountability and limit the chances for student fraud. The College also now requires both the president and treasurer of a group to sign off on checks, a decision that still stands...