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Innovative Payment Solutions

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Presentation on theme: "Innovative Payment Solutions"— Presentation transcript:

1 Innovative Payment Solutions
ITS Conference March 2014 1

2 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’s needs 2

3 The Good News Funders sponsor students in the form of Bursaries and Loans 3

4 The Problem Most Institutions lack the Capacity to Administer student Allowances Accommodation Food Books & Stationery Appliances and assistive devices Cash 4

5 Is the Answer to this Nightmare
is Provided FREE to the UNIVERSITY and to its Students It’s FREE to the Sponsor /University and FREE to its Students 5

6 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 Student registration Cards are empowered as IntelliCards OR IntelliCards (and PIN numbers) are issued OR IntelliCard Tags (and PIN numbers) are issued OR Students may use their cell phones (and PIN numbers) 6

7 The Sponsor’s Portal Sponsors (like parents) sign up on the website and capture student details, or select a current student Sponsors allocate the funds for various categories We send an confirmation for payment Sponsors pay the total allowance into IntelliCard’s account IntelliCard activates the allowance on the card. Student registration Cards are empowered as IntelliCards OR IntelliCards (and PIN numbers) are issued OR IntelliCard Tags (and PIN numbers) are issued OR Students may use their cell phones (and PIN numbers) 7

8 ì     Different Categories of Funds Books Fees Food Unlimited
Accommodation Cash Unlimited 8

9 And Then … Students buy Books, Food, Stationery, Etc much like a credit card transaction The Card is Swiped OR Tapped OR a voucher number is entered on the machine, including the student’s PNI The System checks whether the Student has enough Allowance in the specific category 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 9

10 All of this … … REAL TIME 10

11 Administrative Nightmares …. GONE
Innovative Payment Solutions Administrative Nightmares …. GONE Associated Administrative Costs ….. GONE Free to the Institution Free to the Student 11

12 The Intelligent Solution
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16 The Financial Aid & Scholorship Administrator
logs on 16

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24 Benefits to the Sponsors or University
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 24

25 Thank You julian@intellicard.co.za stephen@intellicard.co.za
Innovative Payment Solutions Thank You 25


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