one card direct deposit product
TRANSCRIPT
ONE CARD&
DIRECTDEPOSIT
PRODUCT
▪ Private bank located in Texas, Oklahoma and Colorado
▪ Over 110 years of customer service▪ Financial Payments Software Division▪ Debit - ID Card / Payment Specialists▪ Student Cards▪ Virtual Payment Cards▪ Insurance Payment Cards▪ Payroll Cards
Facilitate the transfer of Student Credit balances by secure ACH
Upgrade Campus ID Card to Financial ID Card Provide additional transaction opportunities
with closed loop campus terminals Produce tracking data of student activity
Establish a long term checking account relationship with the student.◦ Free Internet Banking / Mobile Banking◦ Free First order of Checks◦ Free Debit card Rewards program◦ Free Call Center Support◦ All POINT ATM Network 50,000 surcharge free
ATM’s◦ No - Merchandise transaction fees, OD Fees,
Monthly Fees, minimum balance, dormant fees, credit check
ONE CARDPRODUCT
ID Debit Card is a functional Campus ID Card Instant Issue on college campus with ID Photo
and Student selected PIN 36 month expiration on debit card Single card for student, faculty, staff
Includes a default student checking account
Badge ID or MasterCard ID▪ Magnetic stripe▪ Barcodes▪ I-Class / PROX Chips - Contactless
▪ MasterCard debit card purchasing power▪ MasterCard protection = zero liability▪ Free ATMs installed on campus▪ All-POINT Surcharge Free 50,000 ATM’s▪ Only Fees are NON-Herring Bank ATM’s▪ Parental Online deposit option
▪ Search by student ID or social security number▪ Queries Student Record data▪ Capture student photo▪ Student enters their PIN▪ Card is produced
▪ College designed backgrounds▪ Non-Financial Cards▪ Concurrent Students▪ Choose badge type
▪ Badge or MasterCard Debit ID Card▪ Mobile system▪ Instant issue on-site▪ Simple PIN Transaction - card activation process▪ One Card - Campus ID / Financial Card▪ Custom graphics and card design▪ MasterCard branded and fraud protection▪ ID Photo Share with Student Record
DIRECTDEPOSIT
PRODUCT
Facilitate student credit balance payments by ACH to a student designated bank account
Student ID Card - Default Checking Account ◦ Approximately 85% of Students choose to use the
Debit card account for credit balance refunds. No further action required by student after card is issued. ◦ Approximately 15% of Students choose to use their
personal checking account. Only these Students make an On-Line Direct Deposit Designation.
Secure Payment file transmission to Data Center
Student Designated Account information resides in secure Data Center
College maintains control in releasing the Payment File
If Payment File is received by 4:00 PM, credits will post by 9:00 PM to ID Card Accounts, and next business day to personal accounts
Internet Banking provides information on funding and direct deposit returns.
ID Debit Card account can receive Work Study, Payroll, or other credits by Direct Deposit.
Web-Based Cash load tool can apply funds to an ID Debit Card Account◦ Travel Money for Sports Teams◦ Travel Money for Faculty / Staff ◦ College Purchase Card for Group or Individual◦ Book Buy-Back Credits◦ Secure User Access
Campus Commerce
Meal Plan Wallet Closed Loop Wallet or Checking Account Access Wallets Footprint & Attendance
Point of Sale Terminals Real-time eligibility Declining Value Efficiency & Flexibility Web & Reporting◦ https://www.collegegreen.
net/Campus-Commerce
Point of Sale / Meal Plan Terminal Laundry Controller Vending
Wallet Value◦ Point of Sale Terminal Increasing / Declining Balance Approve / Deny
Compile transaction activity ◦ Meal Plan◦ Access◦ Declining Balance Wallet◦ Wireless Terminal for Special Events◦ MC Transactions◦ Attendance
Joint Venture with Boomerang Payment Solutions to market combined campus based products to colleges.
Casey Cook – CEO - Boomerang Payment Solutions
Student Payment Plan System◦ Multiple Payment Types, Multiple payment dates
Validate Student is scheduled in classroom ◦ Prox Chip readers in classroom◦ Report elapsed minutes of class time◦ Provide Instructor website to view attendance
Cash Loader Kiosk for students to make cash deposit to checking account
Strategy
▪ Mandatory student ID policy▪ Mandatory Direct Deposit policy▪ Dedicated ID card staff, initially▪ Comprehensive student communication▪ Wide-ranging use of ID card
▪ Use our implementation plan and staff▪ Keep web site current▪ Utilize e-mail communication▪ Herring Bank assistance▪ Tri-fold▪ Handouts▪ Posters▪ Banners▪ Website template
Dave RiggsS.V.P. of Business DevelopmentHerring Bank & Financial Payments2201 Civic Circle, Suite 705Amarillo, TX 79109806.242.3740 [email protected]
Jeremy KellnCampus LiaisonHerring Bank & Financial Payments2201 Civic Circle, Suite 705Amarillo, TX 79109806.677.7000 x759 [email protected]
ONE CARD&
DIRECTDEPOSIT
PRODUCT