Truly enlightened payment methods.

There are also several factors and trends that make MasterCard acceptance make perfect sense for educational institutions. For example, the graduate and continuing-education student enrollment is on the rise, meaning that these older students are more likely to be cardholders. Also, with less financial aid available today, parents want to use credit cards to pay tuition and expenses. There is also growing use of a “full-purpose” campus card that acts as a payment and ATM card, dorm key and student I.D. Many universities and colleges are also implementing paperless billing systems that complement payment card acceptance.

When you consider all of these factors, it’s easy to see the ways that your educational institution can benefit from MasterCard acceptance:

Increased Labor and Operational Efficiencies: Card transactions are more efficient than transactions that involve processing checks.

Improved Cash Flow: Funds are deposited more quickly to earn faster.

Reduced Risk of Losses from Bad Checks: Fewer checks are returned for "nonsufficient funds," reducing redeposit fees, penalties, and collection costs.

Higher Donations: Studies show that donations increase with credit card use—enhancing the potential for higher contributions to your institution.

The Role of MasterCard
Here’s a little education about the payment card business and what our role is within it. In addition to managing the financial settlement and authorization systems, MasterCard administers the systems’ operating rules and regulations, develops programs to open new merchant segments, and creates new payment programs and services. Of course, we also promote and advertise the MasterCard Brands.