Faster Payments

ACI Worldwide Powers Real-Time Tuition Payments

ACI Worldwide, a real-time electronic payment solutions provider, is partnering with Ohio-based Cedarville University to power its tuition payments across multiple channels for close to 4,000 undergraduate and graduate students.

The partnership now effectively integrates ACI's electronic payment system with the university's digital communication platform called Colleague by Ellucian without any additional programming to make the integration possible with its ERP system.

Cedarville's Jon Shrubsole, director of treasury and regulatory services, said that the university was shopping for a payment solution that would seamlessly integrate with its existing Ellucian platform. The two platform seemed to pair well without much hassle and helped save on integration expenses, which could have proven to be a deterrent factor, he added.

The seamless integration is the product of a 20-year partnership between ACI and Ellucian, which is now enabling payments at 200 colleges and universities, according to an ACI press release. “ACI and Ellucian co-developed a real-time interface providing rich integration into our Colleague by Ellucian software. This integration makes tuition payments easy for students and staff,” said Kari Branjord, senior vice president of product management at Ellucian.

ACI's standalone payment solution is enabling campus tuition payments for over 300 institutions now. “With our bill payment solution, these schools have been able to raise student satisfaction by 24 percent and reduce staff time spent on payments by 19 percent on average,” said Mike Braatz, chief product officer at ACI Worldwide.



The September 2020 Leveraging The Digital Banking Shift Study, PYMNTS examines consumers’ growing use of online and mobile tools to open and manage accounts as well as the factors that are paramount in building and maintaining trust in the current economic environment. The report is based on a survey of nearly 2,200 account-holding U.S. consumers.

Click to comment