LINCOLN, Neb., Feb. 28, 2019 /PRNewswire/ -- Nelnet
Business Solutions, Inc. (NYSE: NNI), has announced an expanded
collaboration with Western Union Business Solutions to include
an embedded interface between Nelnet's payment processing platforms
and Western Union's trusted international payments service.
"Nelnet Business Solutions has linked to international payment
providers in the past, but this partnership incorporates Western
Union's feature-rich digital payments capability directly into our
Nelnet Campus Commerce and FACTS platforms," said DeeAnn Wenger, President of Nelnet Business
Solutions. "Now we're able to provide a complete financial portal
for students and authorized payers to manage all tuition and
fee-related transactions."
"We are proud to expand our relationship with Nelnet Campus
Commerce and FACTS," said Alfred
Carpetto, Western Union Regional Head of the United States and Latin America. "This integrated solution will
help both K-12 and college administrators manage international and
domestic transfers more efficiently. It will allow students and
families to pay their fees online in their local currency,
delivering a seamless payment and customer-focused
experience."
This alliance and integration creates an additional benefit for
existing Nelnet Campus Commerce and FACTS clients, and helps
Western Union expand their footprint within higher education with
its payments solutions.
About Nelnet Campus Commerce
Nelnet Campus Commerce
delivers payment technology for a smarter campus. Our product suite
uses the latest technology to create a unique and integrated
payment experience for more than 1,300 campuses across the country.
Our intuitive and secure solutions are PCI Level 1 validated and
integrate with every major ERP. From payment processing and
refunds, to tuition payment plans and online storefronts, Nelnet
Campus Commerce helps process every payment on campus. For more
information, visit CampusCommerce.com.
About FACTS
FACTS is committed to making educational
dreams possible through service and technology. FACTS serves more
than three million students and families at over 11,500 schools,
and manages $9 billion in tuition
funds annually. FACTS offers a comprehensive suite of services
including tuition management, a student information system, payment
administration and processing, financial needs assessment, and
online admissions/enrollment solutions. For more information, visit
FACTSmgt.com.
About Western Union
The Western Union Company (NYSE:
WU) is a global leader in cross-border, cross-currency money
movement. Our omnichannel platform connects the digital and
physical worlds and makes it possible for consumers and businesses
to send and receive money and make payments with speed, ease, and
reliability. As of December 31, 2018,
our network included over 550,000 retail agent locations offering
Western Union, Vigo or Orlandi Valuta branded services in more than
200 countries and territories, with the capability to send money to
billions of accounts. Additionally, westernunion.com, our fastest
growing channel in 2018, is available in more than 60 countries,
plus additional territories, to move money around the world. In
2018, we moved over $300 billion in
principal in nearly 130 currencies and processed 34 transactions
every second across all our services. With our global reach,
Western Union moves money for better, connecting family, friends
and businesses to enable financial inclusion and support economic
growth. For more information, visit www.westernunion.com.
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SOURCE Nelnet