[Publib] The Cashless Library

[Diane Levin]

"From an accounting standpoint this is not a problem but it must show up in the financial statements as a liability.  There may be some state rules as to how long the money can remain on the card but I am not aware of them.  It is very similar to a gift card in that way - gift cards are not generally refunded nor do you need to notify a customer that they have not used their gift card." 
>   
> Mindy Kittay

I still think checking banking laws is a good idea.  There is a big difference between a voluntary purchase of a gift card and a situation in which someone is forced to put more money than they owe on a card in order to pay a fine.

Diane

Diane Swint Levin 
Reference Librarian 
Eagle Valley Library District 
P.O. Box 977 
Avon, CO 81620 
970 949-6797

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---------- Original Message -----------
From: Mindy Kittay <mindykittay at gmail.com> 
To: gresd at ohoopeelibrary.org 
Cc: publib at webjunction.org 
Sent: Thu, 1 Oct 2009 14:37:05 -0600 
Subject: Re: [Publib] The Cashless Library

> From an accounting standpoint this is not a problem but it must show up in the financial statements as a liability.  There may be some state rules as to how long the money can remain on the card but I am not aware of them.  It is very similar to a gift card in that way - gift cards are not generally refunded nor do you need to notify a customer that they have not used their gift card. 
>   
> Mindy Kittay 
> Finance Director 
> Anythinklibraries.org
> 
> On Thu, Oct 1, 2009 at 2:28 PM, Dusty Gres <gresd at ohoopeelibrary.org> wrote:
>

> 
> Particularly with the idea of paying $20 and then having the remainder stay as a credit on the patron record I would advise you to check your state’s banking laws… 
>   
>   
> 
> Dusty Gres 
> Director 
> Ohoopee Regional Library System 
> 610 Jackson Street 
> Vidalia, GA 30474 
> http://www.ohoopeelibrary.org 
> "Common sense and a sense of humor are the same thing, moving at different speeds.
> A sense of humor is just common sense, dancing."
> William James 
>  
------- End of Original Message -------
 
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