Nelnet Business Solutions - Payment Processing Services

Payment Svcs.
Student Fin. Svcs.
Commerce Svcs.
Refunds Mgmt.

QuikPAY® Payment Services

Let's face it, students don't live in a 9-to-5 world, so why limit their payment options? QuikPAY Payment Services provide students, families and the general public 24-hour access, anywhere and anytime, for easy online payments via credit card or ACH. And your institution runs more smoothly and effectively by eliminating third party billing hassles and data collections while maximizing your cash flow.

Customized Solutions Fit Your Needs.
We recognize that each institution is unique, with specific needs and requirements. By using existing business rules, or creating new ones, funds for tuition, admissions, housing, parking, athletics, events, alumni development, dues, books, or any other revenue generating activity can be deposited into separate designated accounts or into a single holding account — you decide. And for the ultimate in flexibility, you determine the type of payment service options you want to make available based on the type of transaction that is being paid. So, accept only ACH for tuition and fees, credit cards for events, and both for bookstore purchases. Offer pre-scheduled payments, immediate payments, and much more. Since functionality can be administered at the individual department level or on an institutional basis, you're free to run your institution the way that makes the most sense.

We've packaged QuikPAY Payment Services so that you can choose to use the QuikPAY payment screens or your own: Payment Web Services or Payment Screen Services. Each department on campus has the choice based on their existing Website infrastructure, security concerns and overall plan for accepting Payment services. The architecture of our Service Provider Model provides the backbone that will allow each campus and department to elect how QuikPAY will be deployed for them. Whether you simply need us to verify and authorize that a credit card is valid and can be used for a requested amount, or you want us to provide a collection screen and capability with automatic updates to your back-office; QuikPAY Payment Services is the only solution designed collaboratively with institutional partners to meet your unique needs.

The Buck Stops—And Stays!—With You!
Imagine easy online payment for tuition, admissions and housing. Athletics and special campus events — even parking and book sales! — all paid and processed in the same place: online. Say goodbye to fluctuating fee schedules with multiple providers. Single point of contact processing provides easy and efficient one stop payment options for your entire institution, across the board.

And for institutions who want to recover the high cost of credit card company's acceptance while maintaining compliance with credit card companies' rules, NBS and Moneris Solutions have partnered to help you do so. Through our Service Charge Program, you can now offer customers a “no charge” method of paying via ACH, while providing a credit card payment option through a third party— NBS .

QuikPAY Payment Services Key Features Include:
• Full-Service ACH Processing.
• Real-time Credit Card Processing.
• Online payment history for 2 years, off-line storage for 5 years.
• Ability to pass the department code and order ID.
• Real-time transaction reporting.
• Daily and monthly reconciliation reporting.
• Real-time or batch posting of transactions to multiple A/R systems.