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Nelnet Business Solutions Reaches Contract Provider Status with the Coalition for College Cost Savings (CCCS)
Posted 04/13/2010 08:00AM

Nelnet Business Solutions Reaches Contract Provider Status with the Coalition for College Cost Savings (CCCS)

Lincoln, Nebraska, April 7, 2010 – Nelnet Business Solutions has reached an agreement with the Coalition for College Cost Savings (CCCS) to provide their member organizations and the higher education institutions they serve, with electronic payment processing and PCI compliance services.

As an electronic payment processor, NBS offers, eBilling & ePayment, actively managed tuition payment plans (including pending aid tracking & refund management) cashiering, and online departmental payments to colleges and universities nationwide.

“We are pleased to become a contract provider with our valued partner, CCCS and its affiliated state associations. Our mission is to streamline business operations by offering leading edge campus commerce solutions to colleges and universities,” says David King, President of NBS.  “With this partnership in place, we look forward to serving each higher education institution with powerful technology and integration to help them serve students.”

Specifically, NBS will provide:

  • Security & compliance (PCI, NACHA, Red Flag, etc) services
  • Real-time integrated processes with ERP systems
  • Leveraged cost savings
  • Centralized campus department transactions
  • End-to-end credit card processing (from origination to settlement)

About Nelnet Business Solutions
Nelnet Business Solutions Inc. (NBS) is a wholly owned subsidiary of Nelnet Inc. (NYSE: NNI) and is a major provider of campus commerce and payment solutions to the higher education market. For more information about NBS visit www.campuscommerce.com.

About the Coalition for College Cost Savings
The Coalition for College Cost Savings (CCCS) is comprised of non-profit higher education member organizations dedicated specifically to helping private institutions of higher education improve processes, and reduce and contain costs through collaboration.  For more information visit www.thecoalition.us.

Business Contact: Bob Gentile
Tel: 800.270.2960
E-mail: bob.gentile@nelnet.net

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