CHICAGO, IL, December 13, 2005 – Moneris Solutions, one of North America’s largest electronic transaction processors, today announced agreements to provide credit card processing services to six higher education institutions.
The following institutions are now using the Moneris Solutions and infiNET program to allow students and third-party payers to pay tuition and fees with their credit cards:
Arizona State University (Tempe, AZ)
University of Vermont (Burlington, VT)
Duquesne University (Pittsburgh, PA)
James Madison University (Harrisonburg, VA)
Saint Mary’s College of California (Moraga, CA)
Virginia Tech (Blacksburg, VA)
Under the agreements, Moneris will provide credit card processing services through infiNET’s QuikPAY® product, which provides the fully integrated automated payment and commerce solution for the higher education market. Students and families of these universities will have the convenience of paying their tuition and fee statements online with a credit card.
The universities above are using Moneris Solutions’ services and support to accept credit cards through the Internet. The universities are currently equipped to accept MasterCard®, Discover/Novus®, and American Express,® but some universities have elected to accept only MasterCard®, and Discover/Novus®.
“Outsourcing processing services is a growing trend in the higher education market,” said Larry C. Wine, president, Moneris Solutions U.S. Group. “Working with infiNET we have developed a program that simplifies the payment processing functions and helps universities achieve their financial goals while offering varied payment options for their students and parents. Our companies understand the unique needs of this market and we are pleased that our collaborative solution is being deployed at these prestigious institutions.”
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
infiNET provides innovative business services and software specifically for education. Since 1997, infiNET has collaborated with many of the nation’s colleges and universities to deliver superior technology and real business solutions that improve services and reduce costs on campus.
The Company’s QuikPAY® suite of automated billing, payment processing and eCommerce services are utilized by colleges and universities throughout North America as part of their overall mission to improve student services and create efficiencies throughout their institution. QuikPAY is the premier choice of more than 100 campuses, serving over 1 million students and families that have selected QuikPAY as their comprehensive, full-service Automated Billing, Payment Processing and eCommerce platform. In addition, the company’s LoanPAY™ suite of automated billing, payment processing and collections automation services are currently used by Education Finance organizations throughout North America to serve over 5 million borrowers.
For more information about infiNET please call (888) 413-3150 or visit our Website at www.infinet-inc.com.
| Marcie Cheney 202-296-2002 x103 mcheney@environics-usa.com |