CHICAGO, IL, May 5, 2004 – Students at Southern Methodist University (SMU) of Dallas, TX and Rollins College of Winter Park, FL can now quickly pay tuition and fees with their credit cards thanks to the Moneris Solutions and infiNET Solutions Service Charge program.
SMU and Rollins College have both signed payment processing agreements with Moneris Solutions, one of North America’s largest electronic transaction processors. Under the agreements, SMU and Rollins College will begin processing tuition and fee payments, through the Internet only, using the Service Charge program offered by the Moneris-infiNET Solutions relationship. Tuition and fees represent 60-70% of the total payment volume that could be processed via credit cards, through Moneris Solutions.
Moneris will provide credit card processing services through infiNET Solution’s QuikPAY® service, which is a fully integrated automated billing, payment and commerce solution for the higher education market. The Service Charge program, will allow SMU and Rollins College the ability to offer their students and families the convenience of paying their tuition and fee statements online with a credit card.
"Together Moneris and infiNET Solutions are bringing tremendous value to the higher education market by simplifying the payment processing functions,” said John O’Connor, associate vice president and controller, Southern Methodist University. “The Service Charge program allows us to accept on-line payments for tuition and fees immediately from our students during their registration process – it’s another way we can make life easier for our students."
These universities are using Moneris Solutions’ services and support to accept credit cards through the Internet. The universities are currently equipped to accept MasterCardÒ and Discover/Novus® and will soon add American Express®.
“We chose the Moneris-infiNET Solutions’ offering because we needed a flexible solution that could operate seamlessly within our existing environment,” said David Carson, associate vice president for finance, Rollins College. “With this solution, Rollins retains its branding and students deal directly with us throughout the entire payment and billing process. Now, we have a flexible payment infrastructure that provides us comprehensive reporting and administrative control.”
“Moneris is committed to delivering payment processing solutions to help higher education institutions simplify the payment process and enhance the payment choices offered to parents and students,” said Larry C. Wine, president, Moneris Solutions U.S. Group. “Through our alliance with infiNET Solutions we are providing institutions with an affordable online payment, billing and commerce solution that reduce costs and improve services on campuses throughout North America. We are pleased that the Moneris-infiNET Solutions collaboration is being deployed at prestigious institutions like SMU and Rollins College.”
About Moneris Solutions
Moneris Solutions (www.monerisusa.com) has a 30-year history as one of North America’s largest electronic transaction processors, delivering advanced payment card processing capabilities through point-of-sale hardware, payment processing software, e-commerce solutions and a gift and loyalty program. Moneris provides transaction-processing services nationwide through numerous agent banks and serves the small to medium-sized business market through direct sales and strategic partnerships. A joint investment of the Royal Bank of Canada and the Bank of Montreal, which have assets in excess of $700 billion, Moneris Solutions serves more than 350,000 North American merchant locations and has a staff of over 1,100 employees. U.S. headquarters are located outside of Chicago, IL.
About infiNET Solutions
infiNET Solutions is a customer-focused company that provides innovative business services and software to the higher education and healthcare markets. Established in 1997, infiNET Solutions has collaborated with many of the nation’s colleges, universities and healthcare providers to deliver superior technology and real business solutions that improve services, reduce costs, and further support the mission of the campus.
| Marcie Cheney 202-296-2002 x103 mcheney@environics-usa.com |