Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Heartland debit card to distribute financial aid
PRINCETON, N.J. (4/16/10)--Heartland Payment Systems Campus Solutions division is offering a debit card linked to a student’s identification (ID) card that can be used to distribute financial aid in lieu of paper checks. Heartland’s Acceluraid uses a single financial account that can be integrated with a campus’s card system. The program gives students access to their financial aid refunds through a unified financial account that links to a prepaid campus identification card and a school-branded debit card. The card can be integrated with an ID card or used as a standalone, Heartland said. North Central Missouri College, Trenton, Mo., introduced the program in January. It distributed $2 million in financial aid to students. The funds can be used for online bill pay or accessed through free withdrawals from campus ATMs and cash-back options at participating merchants. “Acceluraid has transformed financial aid disbursement on our campus,” said Sharon Barnett, vice president of administrative services. “It enables our administration to save money on personnel costs, check issuance and reconciliation issues caused by delayed deliveries and lost or returned checks.” The college also plans to disburse its student payroll through the Heartland’s OneCard system in the near future, she said. Heartland Payment Systems received significant media attention when its processing system was breached in 2008. The company provides card processing services for financial institutions nationwide, including credit unions.


RSS





print
News Now LiveWire
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
19 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
1 day ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
14 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
15 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
16 hours ago