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Nelnet Business Solutions to Deliver Cashiering Solution to Higher Education Marketplace
Posted 07/16/2008 08:00AM

Nelnet Business Solutions to Deliver Cashiering Solution to Higher Education Marketplace

Earlier this year, Nelnet Business Solutions (NBS) acquired an interest in UniLink, Inc., of Australia, the premier provider of cashiering and related systems for the higher education marketplace in Australia and the Far East. UniLink’s products will become a core component of NBS’ suite of services that is already used by more than 600 colleges and universities.

UniLink’s cashiering system will be incorporated into NBS’ Campus Commerce suite of services using QuikPAY® as its core payments processing engine. The result for educational institutions will be a comprehensive, end-to-end solution that manages all aspects of an institution’s financial transactions.

NBS’ cashiering solution will enable all departments across campus to accept all forms of payment from students for any and all expenses incurred on campus. Additionally, all financial transactions occurring within various departments across campus will easily integrate into overall financial reporting campus wide.

“QuikPAY Cashiering will take advantage of the latest technologies, and we believe it will become the new standard for higher education,” said David King, President of NBS’ higher education group. The system will be fully hosted by NBS, ensuring that all transactions will fully comply with standards for protecting customer financial data. NBS expects to begin delivering the cashiering system to its North America customers in 2009.

About Nelnet Business Solutions
Nelnet Business Solutions, Inc., is a 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, please visit our Web site at www.nelnetbusinesssolutions.com.

About UniLink
UniLink Data Systems has been providing solutions for higher education since 1989. A strong belief in e-commerce and open standards integration has helped UniLink provide its best-in-class cashiering solution to colleges and universities worldwide. This commitment to the higher education market has led to UniLink Data Systems having a presence on the majority of university campuses throughout Australia.

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