The comprehensive national student payment platform

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Presentation transcript:

The comprehensive national student payment platform

Fees Mobile Wallet Card Reward

Benefits Hosted. Integrated. Everywhere. Sponsors (parents, payers) single method of payment at all banks and retailers; Institution result: time reduced from invoice to payment (money directly from payer to institution) More payment points; Institution result: time reduced from invoice to payment Standard bank integration (Standard Bank, Nedbank and Absa); Institution result: invoices delivered in internet banking and auto allocated; One Studyspend.com Institution result: Register once as payer for any institution; Hosted. Integrated. Everywhere.

Fees Pay your Student account fees here: www.studyspend.com Register and get: Your connected student’s bills delivered electronically; Your bill delivered in your Internet Banking site; Pay for more than one student in one go; Pay at a participating retailer;

Fee payment

Integration Student Payment integrated with ITS Integrator System Web services Payment reflects directly on student account

Integration The internet payments create 3 records: {STWEBM-10} Serves as a log of the transactions received by our 3rd party partners Created the B2B code – INTFILE for interfile {FSAOR2-1} The payment is created immediately on the student’s account {FCBO-1} A cash book journal gets generated immediately. We determine the cash book by using the branch code and account number received by the web service {FSCO-7} We’ve created 2 new events 1 for the credits (payments) – WP and one 1 for the debits (refunds) – WR The institution can create a transaction type per cashbook or create only 1 T/T to use for all cash books

Mobile Student’s have access to Studyspend via their mobile phone by logging in to their institution’s mobi or web site and clicking on StudySpend Icon; Balance Statement Buy airtime Check my Student Acc. See how much I saved

Mobile

Wallet Choose StudySpend as your campus wallet or connect it with your own on-campus card; The StudySpend wallet can be used at: On- and off-campus vendors showing the StudySpend sign; Everywhere where VISA is accepted; Top-up your wallet at any of our convenient methods;

Card The StudySpend card can be: An integrated card allowing you to use it as your campus card; (MiFare compatible) A second card with your institutional branding; Supports “tap-and-go” for quick throughput in those high volume areas;

Example

Reward Earn rewards when using your StudySpend wallet to pay for goods and Services;

Demonstration www.studyspend.com