Sovereign Bank, based in Boston, has launched its first university smart card in the U.S. through its Santander Universities division with Wheelock College in Boston and Mount Ida College in Newton, Mass.
The smart cards will enable Wheelock College and Mount Ida College students, faculty and staff to access buildings, use school services, and for the first time, link directly to a Sovereign Bank account. More than 2,000 students, faculty and staff are expected to receive their cards as they return to campus for the start of the fall semester.
The smart cards will feature both chips and magnetic stripes, enabling each of the college campuses to make enhancements to their security standards and services in a way that is easy for the school and its users.
The ability to link their ID cards to a Sovereign checking account will also benefit students, faculty and staff by providing flexibility, safety and convenience when accessing their money to pay for books, supplies, meals and any of their other needs both on and off campus. Parents can also visit online to monitor their student’s spending during the school year.
The card can be used for both on and off campus services and provides users with the option to make either ATM or PIN-based debit transactions linked to a Sovereign checking account. As part of the agreements with Wheelock College and Mount Ida College, Sovereign Bank ATMs will be installed in the student activity centers at each school.