Monday, December 13, 2010

Nelnet Business Solutions Joins the Secure Vault Payments Network

December 13, 2010 09:00 AM Eastern Time

Leading Campus Commerce Provider Adds New Option for Online Tuition Payments

LINCOLN, Neb.--(BUSINESS WIRE)--Nelnet Business Solutions announced today they will join the Secure Vault Payments network and offer the online payment option to their more than 700 higher education clients.

Secure Vault Payments is a safe and secure online payment network developed by NACHA — The Electronic Payments Association® and eWise, a provider of online payment & personal financial management solutions.

“Adding Secure Vault Payments to our suite of payment options allows us to offer even more solutions to colleges and universities with more flexible payment options to students and parents,” said Kevin Wiley, Chief Operating Officer of Nelnet Business Solutions. “Providing real-time authorization and confirmation of payment will be of great benefit to all clients we serve.”

Designed specifically for the unique security and convenience requirements of online payments and ecommerce, Secure Vault Payments enables students to make fast and secure tuition payments through their financial institutions’ online banking platforms without enrolling, registering or sharing any account information with the school. Financial institutions authenticate students and provide schools with real-time authorization and confirmation of ACH transactions.

“We are pleased to have Nelnet Business Solutions join the Secure Vault Payments network,” said Richard Brierley-Jones, Executive Vice President of eWise. “Nelnet is an important partner as Secure Vault Payments continues to become a premier payment option in the college and university space. Their clients across the country will be able to seamlessly activate Secure Vault Payments as a payment option, providing more choice, control and safety for students and parents.”

Companies interested in joining the SVP network should contact Dean Seifert, Senior Vice President, eWise at svp@ewise.com.

About Nelnet Business Solutions

Nelnet Business Solutions (NBS) is committed to delivering superior technology and innovative business tools that improve services and reduce costs for higher education. This goal is accomplished by providing a suite of campus commerce solutions including eBilling and ePayment, actively managed tuition payment plans, cashiering, campus-wide commerce management, refunds, and more. NBS works with approximately 700 educational institutions and two million students and families each year, helping them achieve their goals. For more information, visitwww.campuscommerce.com.

About eWise

eWise is partnering with NACHA to provide the Secure Vault Payments network, utilizing its Online Banking ePayments (OBeP) technology and account management services. eWise is a payments and online financial management solutions provider with a reputation for providing innovative solutions that make transacting online easier and more secure. eWise offices in US, UK, China and Australia support some of the world’s top 50 financial institutions with solutions delivering outstanding, proven ROI for its customers and a better online experience for millions of end-users worldwide. For more information, visit www.ewise.com.

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