The underlying concern for requiring extra steps in hit and run claims is to prevent fraudulant claims from people not actually involved in accidents. (preszlerlawbc.com)
Being aware of quick change artists, counterfeit money, and fraudulant transactions over the phone. (livecareer.com)
If you're concerned it's fraudulant, I recommend calling the University finance office on a phone number you find on their website, or call one of the people you know. (money.stackexchange.com)