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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The National Association of Campus Card Users is now officially accepting nominations for its Board of Directors.

NACCU is an association that specializes in the campus card transaction industry, serving the national and international community. The association is the one source dedicated to high quality educational programs, resources, services and tools.

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peerTransfer, a provider of global payment solutions for the education industry, and Nelnet Inc. a campus commerce services provider for K-12 and higher educational institutions, are now providing clients with real-time payment status updates as part of a deeper platform integration.

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Waukesha County Technical College has started its search for a new banking partner to fill its on-campus location.

A 2009 poll conducted at the Waukesha County Technical College found that 69% of students would use an on-campus bank. Now, the school is seeking proposals for a full-service branch on its Pewaukee campus.

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Regulatory action is being proposed in the campus-banking sector, with the U.S. Department of Education releasing its first draft of regulations on campus debit cards that will effectively prohibit certain fees, constrain marketing practices and institute transparency regarding the college-card provider relationship.

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