Financial aid disbursement added to TotaCard suite
17 July, 2015
category: Financial
BadgePass has announced the addition of financial card issuance to its TotalCard product line, giving the company’s university clients a new option for the disbursement of financial aid.
BadgePass has integrated the Veita product from Boomerang Payment Solutions, which enables users to issue student IDs on a Debit MasterCard, allowing for simplified financial aid disbursement and management of funds. The new financial capabilities join existing TotalCard platform features including access control, meal plan management and ID validation.
“Our customers have been looking for a simplified solution to help them manage financial aid,” explains Lindsay Martin-Nez, vice president of sales for BadgePass. “This partnership gives us the ability to help our customers reduce their disbursement time and expenses, while granting students the freedom and flexibility of MasterCard purchasing power.”
Boomerang Payment Solutions’ Veita system is a direct deposit product created to address the common challenges faced by educational institutions, with a focus on the disbursement of student credit balances. “By combining the stability of BadgePass’ campus card platform with the flexibility of our financial card issuance process, we will be able to reach more campuses than ever before,” says Casey Cook, CEO of Boomerang Payment Solutions.
