The Cash Collection Cycle - Rethinking Payments in a Post Cash World

David Wenger - Bank of America
Galen Robbins - Bank of America
Kimberly Henning - Bank of America
Nicole Waversak - Bank of America

This moderated panel discussion will explore the ways that payment solutions for students, parents and the education sector have changed rapidly in the post cash digital world. Whether it be for on campus transactions, fund raising collections or virtual transactions, understanding ways to optimize your payment channels has never been more important.

Various new methods provide frictionless ways to move payments in efficient and secure ways. New payment options continue to drive improved cash flow, collection efficiency and convenience for both students and the university. Integrating seamlessly into ERP systems, these payment methods can provide a complete payment ecosystem improving efficiency, transparency and providing valuable data useful to understand how students interact with the college or university. Whether enabling digital payments and autopay or providing options to collect international payments, the payment landscape continues to innovate driving an easier, safer user experience.

Bank of America will moderate the panel including Yale's eCommerce Manager and a senior representative from VISA. An additional higher education institution may be added to the panel. The conversation will cover the payments industry and higher education, including advantages and considerations for future advances in payments.

The panel will be useful for constituents from smaller colleges to the largest universities. Our session will provide practical advice on how best to manage the ever-changing payment landscape.

Designed to drive engagement, the session will begin with the panel discussion and then transition to Q&A. Our discussion will stimulate thoughts, concerns and questions from our participants. In turn, we will have the opportunity to provide answers that can help participants walk away with practical advice and solutions to take back to your college or university.

Learning Objectives

  1. Explore the ways that payment solutions for students, parents and the educational sector have changed rapidly in the post cash digital world.
  2. Learn about various new payment methods that provide frictionless ways to move payments in efficient and secure ways.
  3. Describe ways to maximize efficiency by integrating payments data seamlessly into ERP systems.

CPE Available

  • 1 Credit: Information Technology