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Centralizing Commerce for the Campus Community. Goals & Objectives Overview of contracted services Benefits for your member institutions Action Plan for.

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Presentation on theme: "Centralizing Commerce for the Campus Community. Goals & Objectives Overview of contracted services Benefits for your member institutions Action Plan for."— Presentation transcript:

1 Centralizing Commerce for the Campus Community

2 Goals & Objectives Overview of contracted services Benefits for your member institutions Action Plan for your state Follow up by your state Regional VP

3 About Nelnet Business Solutions Formerly infiNET and FACTS Management Built for education by education Over 800 colleges and universities Leading provider of payment plans and campus commerce Member of the PCI Standards Council

4 Web based Campus Commerce One Solution for all Departments with Central Control over Cash Management ePayment & eBilling Multiple Payment Processing Options Payment Plans (Actively Managed – includes refund processing and pending aid tracking) Cashiering: for “in-line” Needs & Departmental Deposits eCommerce for Campus Departments Give departments a secure on-line presence

5 Commerce Manager A self-service tool enabling your institution to quickly meet multiple department commerce needs: –Promote standard payment practices –Centralize commerce –Quickly develop and implement small department electronic commerce web pages –Reduce risk, fraud, and PCI issues

6 Refunds Management NBS Refunds Management allows students and parents to sign up online to receive refunds from your institution. Students can receive refunds for account overages deposited into a designated account. Parents and guardians (who are set up as authorized third-party payers) can receive funds from PLUS loans.

7 Actively Managed Payment Plan Includes 3 components: Payment Plan Refunds Pending Aid Tracking Automatic, prescheduled, recurring payments as determined by the institution Any number of payments Interface with student information system for real time account information Contact with payers by NBS if payments change or miss

8 Pending Aid A financial aid tracking service for students that may have a shortfall after the term has begun Allows students with a shortfall to pay balance thru a preset payment plan Integrated Saves staffing time

9 Compliance & Security PCI Level I Certified Fully hosted solution: PA-DSS not required!!! Full compliance with the Payment Card Industry (PCI), Banking Industry (NACHA; National Automatic Clearing House Association) & Red Flag (Federal Trade Commission)

10 Cost Savings to your Member Colleges & Universities Billing cost savings averaging 50% Average Credit Card savings using a convenience fee - $100,000 per institution Full service ACH processing can save 80% of the cost of processing checks Savings on the cost of payment plans

11 Follow-up! Your Regional VP will contact you to arrange an action plan for your state association and provide you with the CCCS negotiated pricing.

12 Thank You Bob Gentile Executive Vice President Paul Aries Regional Vice President


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