Best E-Commerce Platform/Gateway
The Judges Choice award winner in the Best E-Commerce Platform/Gateway is another first-time winner in the 2020 CNP Awards. Transact Campus and its Cashnet platform have been named by the independent judging panel as tops in the category.
Transact Campus has served colleges and universities for the past quarter-century, enabling payments by and to more than 700 institutions and five million students.
Cashnet’s services aren’t just for tuition billing. Departmental online storefronts can include a virtual shopping cart and payment pages with fully customizable inventory controls. Current clients use these storefronts to handle lab fees, study abroad trip payments, or other student expenses. Alumni portals make it easier to offer event tickets and other merchandise.
“Our system enables schools to accept different types of payment methods, including credit and debit cards, ACH, 529 plans, and international payment methods,” Transact Campus said. “Our platform seamlessly integrates in real-time with the school's student portal, providing students with one place to manage accounts and track tuition billing. Through automation and constant process improvements, our platform clears millions of dollars in transactions every day. The moment a payment transaction is authorized, student records, general ledger, and other systems are updated and synchronized. If a payment is returned or charged back, Cashnet updates the student's records as well.”