Wednesday, December 20, 2006
Part of the AVISIAN Publishing Expert Panel series to be published throughout December 2006
Rory Hersch President Off-Campus Advantage
The coming year will be an exciting one in the campus card industry. With more and more schools realizing the myriad values in creating true ‘one card’ systems, innovation is the new order of the day. No subset of the one card is better positioned for expansion than off-campus payment.
Like most aspects of technology, off-campus payment processing using the campus ID as a declining balance, stored value account will get faster, with high-speed terminals and DSL lines confirming funds availability in under five seconds. In this same vein, we will continue to see the elimination of modem banks verifying each transaction via a slow dial-up connection to the school. This antiquated method of funds verification will be increasingly replaced with central server technology- all transactions going through a single, high speed and secure point-of-entry.