Campus Cards, College and University Identification and Security

Regulations make it tougher for banks on campus

Thursday, April 26, 2012

Banking partnerships increase in 2011, though slightly

Campus card bank partnerships, like many financial service offerings, are having a tough time as increased regulation makes it harder for banks to turn a profit and make programs attractive to schools. Despite this challenge, 2011 saw some growth in the number of programs and several banks did see their numbers increase.

The biggest issue for banks with campus partnerships is how to make money. As regulators clamp down on fees banks can charge cardholders and merchants, the profitability matrix has changed. The pendulum has shifted forcing banks to focus less on fee income to make the business case and more on the long-term value of the customer relationship.

There are 1806 words in the rest of this article …

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Annual CR80News Campus Card Banking survey results flat, Prepaid leaps as fees fall

By Zack Martin, Editor, Avisian Publications

The traditional model of banks partnering with colleges and universities to offer an all-in-one campus ID and bank card may be shifting.

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Big plans are in store for the Purdue University Identification (PUID) Card, the official university identification that serves as a student and employee key to gain access to various facilities and services on campus.

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The Board of Directors for the National Association of Campus Card Users approved a resolution endorsing and adopting the National Association of College and University Business Officers (NACUCO) best practices for student debit card options and recommending that its members follow the practices.

read more »

Volunteer State Community College located in Gallatin, Tenn. is partnering with Heartland to expand the Volunteer State Campus Card to encompass prepaid debit card features for students who are receiving financial aid, according to the college’s student newspaper.

read more »

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