For students and parents:

Funds loaded to the campus card give students a payment method that can be used to access services across the institution.
Parents and guardians can easily add money to the student’s campus card for on-campus spending.
It is a safer and easier way for students to manage spending.
When dining, printing or flexible account balances decline, it is easy to reload more funds to the campus card.

For campus management:

Institutions are able to entice more vendors to campus with a “closed loop” payment option for students—vendors especially like the reduction in credit card fees and the headaches of managing cash in their machines.
Student discounts and grants can be conveniently distributed and managed on their campus card.
The configurability of declining balances allows institutions to customize accounts. Consideration can be made to various types of declining balance “buckets” such as taxable, non-taxable items, and decision tree options created for when student funds are depleted.
Simplifies cash management systems on campus—supports real-time transactions, eases monitoring, streamlines processes, and provides student engagement and preference data.
The reduction of cash on campus keeps vending machines and points of sale more secure.
Campus cards can be added as a payment option for order ahead solutions that enable contactless transactions, check-in and access, virtual queueing and more.

Today’s students live in a mobile-first, nearly contactless and cashless society. Expanding integrated, low-cost payment options across campus creates a unified experience for students and simplified management for institutions. Leveraging campus card declining balance functionality helps increase student satisfaction, gives parents peace of mind knowing they can preload funds to support their student, and simplifies the process for staff and administrators. It just makes sense.

Instant Insights /

10 Ways Declining Balance Accounts Can Benefit Your Campus

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