As detailed above, the BuckID program has been very successful. But with success also comes potential regulations. One Ohio legislator, Rep. Shawn Webster, wants to pass a law requiring any state university offering the off-campus debit cards to make it available to any merchant.
As reported last year in CR80News, Representative Webster was unsuccessful with a similar bill in the 2002 legislature. This year, however, he has picked up 39 co-sponsors, which practically guarantees passage—in the House anyway.
The bill, HB 162, would also limit the transaction fee to no more than 4%. In addition, the university must grant off-campus merchants the same terms as those given on-campus vendors. Stay tuned to CR80News for updates on the bill and its potential impacts on card programs.