Payment Technology Trends

Welcome, PayMyTuition!

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Posted on June 25, 2020 in Building Your Smarter Campus, Partnership, Payment Technology Trends, User experience

Interview with Arif Harji, Chief Market Strategist for MTFX Group which provides PayMyTuition. MTFX Group, a foreign exchange and global payments company, helps transfer funds in 100+ currencies to more than 140 countries around the world. Recently, Nelnet Campus Commerce partnered with MTFX Group, by way of their international payments solution for education, PayMyTuition, to... Read More »

COVID-19: Perspectives from the Business Office

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Posted on June 24, 2020 in Building Your Smarter Campus, COVID-19 Resources, Payment Technology Trends, Reaching Students, School Operations

COVID-19 caused the world of higher education to change how institutions support students, work together, and advance the mission of growth and education as a whole. Business offices across the country have met unique challenges — and have found unique ways of adapting to solve them. In the second edition of our June 2020 webinar... Read More »

The Evolution of Dining Halls: Mobile Food Ordering

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Posted on June 23, 2020 in Building Your Smarter Campus, COVID-19 Resources, Payment Technology Trends, School Operations, User experience

The higher ed landscape is changing. Roughly 96% of students have a smart phone and expect to be able to use it on campus. That device is part of their life — and lately, it’s one of the major ways they’ve been ordering food. When students return to campus, they’re going to be used to... Read More »

Safeguarding Against Money Laundering on Tuition Payments

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Posted on June 09, 2020 in Compliance, Payment Technology Trends, Security

This article was reposted from PayMyTuition with permission. Money laundering is not just illicit drug cartel dollars washing through banks, businesses, and corporations. In Canada, the problem continues to spread into more benign activities, including that of collecting university tuition payments. The concern of possible money laundering has been brought to the forefront with several... Read More »

Top 10 Resources to Navigate COVID-19 and CARES Act

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Posted on May 22, 2020 in Compliance, COVID-19 Resources, Payment Technology Trends, Reaching Students, Security

There is an abundance of information out there to navigate with COVID-19. Here is a list of the top 10 websites or articles for your institution to get financial information quickly: NACUBO summary on ED updates on COVID-19 The CARES ACT (Coronavirus Aid, Relief, and Economic Security Act) provides guidance to the higher education industry... Read More »

What Does AB-1313 Mean for Higher Education Institutions?

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Posted on May 07, 2020 in Building Your Smarter Campus, COVID-19 Resources, Payment Technology Trends, Professional Development, Security

On January 1, 2020, California Law AB-1313 went into effect. If you’ve been following along (or are in California), you’ll most likely be aware of the bill, which was voted on in October 2019. Under the new law, if a California student has outstanding debt, the institution they attend can’t charge higher transcript fees, provide... Read More »

Campus Key Pilot Program Success

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Posted on May 03, 2020 in Building Your Smarter Campus, Communication and Advancement, Partnership, Payment Technology Trends, Reaching Students, School Operations

What is Campus Key? Campus Key, the newest solution from Nelnet Campus Commerce, connects students to campus through a digital app experience. Campus Key offers: ID / Access: Digital student ID that allows touchless access to classes, residence halls, and campus activities, such as sporting events. Payments: Manage tuition balances in real time, plus keep... Read More »

Expanding Student Check-Cashing Options

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Posted on April 21, 2020 in Building Your Smarter Campus, Payment Technology Trends, Security

Providing unbanked students with convenience and cost savings Receiving a refund from financial aid disbursement should be good news for all college students, but it can be more of an inconvenience for some than for others. While numbers have been falling over the past several years, 25% of U.S. households are still considered unbanked or... Read More »

Taking Payments Securely While Working Remotely

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Posted on March 24, 2020 in Building Your Smarter Campus, COVID-19 Resources, Payment Technology Trends, Security

With the rise of COVID-19 (coronavirus), what was once an easy in-person payment in the business office has changed dramatically. Now, remote staff are trying to take payments from their home office with students over the phone. Yet regardless of where a payment is taken, it still must be protected from breaches and encrypted for... Read More »

Expanding Your Credit Card Options

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Posted on February 20, 2020 in Building Your Smarter Campus, Communication and Advancement, Payment Technology Trends

The value of diverse acceptance methods Sometimes universities are hesitant to allow students to pay tuition with their credit card. Staff don’t want to encourage students to carry large balances on a credit card that typically carries a higher interest rate than a private educational loan. In addition, many students pay each other with apps... Read More »

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