Innovative Payment Solutions ITS Conference March 2012 Background • IntelliCard - the leader of student payment technology in the market • We specialise in the payment and administration of student funds IntelliCard is managed and administrated by a team of professionals with specific expertise to suit our client needs The Good News Funders sponsor students in the form of Bursaries and Loans The Problem Most Institutions lack the Capacity to Administer student Allowances • Accommodation • Food • Books • Stationery • Cash Is the Answer to this Nightmare is Provided FREE to the UNIVERSITY and FREE to its Students It’s FREE to the Sponsor /University and FREE to its Students The IntelliCard Solution • Contracts are signed (Institution, and specified merchants) • IntelliCard implements the closed loop system to the merchants of choice (a swipe card machine is installed at merchant outlets) • A list of Students and their Allowances are sent to IntelliCard via the ITS Interface • This Electronic Data is Loaded onto the IntelliCard Master Server housed at Internet Solutions (in the cloud ) • Student registration Cards are empowered as IntelliCards OR IntelliCards (and PIN numbers) are issued OR IntelliCard Tags (and PIN numbers) are issued Different Categories of Funds Food Fees Books Accommodation Transport Cash And Then … • Students buy Books, Food, Stationery, Etc • The Card is Swiped • The System checks whether the Student has enough Allowance to pay for the Transaction • The Machine Produces a Print Out of the Transaction • The Student Signs the Print Out • IntelliCard Pays the Merchants at the end of week /month • In Fact … IntelliCard does ALL OF THE ADMINISTRATION All of this … … REAL TIME Innovative Payment Solutions Administrative Nightmares …. GONE Associated Administrative Costs ….. GONE Free to the Institution Free to the Student The Intelligent Solution The Financial Aid & Scholorship Administrator logs on Innovative Payment Solutions Benefits to the Sponsors or University •IntelliCard offers a Interface which is used at most of the Institutions with their financial accounting •IntelliCard offers a more effective loading of student allowances • We use the student card – no handing out of extra cards • Students pay their own bank cost •All parties involved, students the sponsor the merchant and the University has real time access to information on our website and reconciliations are available immediately Innovative Payment Solutions Thank You [email protected] [email protected]
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