University Credit Card Processing Overview
Get Constant Rate Verification with University Credit Card Processing Solutions
Hawk-eyed statement reviews save you time and money.
Twice per year, credit card processors adjust rates — and those rate adjustments rarely benefit the university.
We advocate on your behalf, combing through statements, writing to processors, auditing and optimizing systems so you can offer the best functionality while reducing excess costs.
Gain an advocate who helps you avoid overcharges and fee increases.
of Employees Admit Using Rogue Tools
Average Number of Months Treasury is Behind Goals
of Treasury Directors Say They Lack Full Visibility into Payments
Annual Estimated Budget Lost to Inefficient Payment Systems
How It Works
More Flexibility. More Efficiency. Less Cost.
Make sure the credit card processors you’re working with are the right fit. We’ll assess and identify the optimal processors — and verify rates and fees, so you don’t spend more than you need to.
Audit Your Current Processors
Start with an inventory of credit card processors — whether that’s one of a dozen.
Identify Optimal Processors
Determine which university credit card processors offer your departments the best functionality.
Analyze Statements
Make sure your statements line up. We’ll do the heavy lifting to analyze your processor statements.
Leverage Interchange Optimization
Get the lowest rates possible for each individual transaction by using interchange optimization.
Streamline All Your Systems
Consolidate processors, gateways and devices to maximize security and minimize effort.
Your Complete Guide to PCI Compliance
Discover five basic steps to reaching compliance and better protecting cardholder data.
Complex Statements Include Hidden Fees
One university saved $100,000 by working with us.
You need an expert on your side to make sure you have the right university credit card processing solutions in place.
Credit card processors use complex algorithms and irregular mathematics, burying it all in complex, lengthy statements. Save time. Save money. Put us on the job.
We won’t let you down.
Address PCI Compliance with University Credit Card Processing
Choose the best processors for your needs while accounting for PCI compliance.
By protecting cardholder data and minimizing excess PCI scope, you can reduce risk and cost — while making payments better. What’s not to love?
University Credit Card Processing Is Just One Piece of the Puzzle
Find new ways to streamline your payment processing with solutions built for higher education.
Point-to-Point Encryption (P2PE)
Devise a custom payments strategy that addresses your short- and long-term goals.
Payment Devices + Terminals
Use your chosen software and integrated devices to create a seamless experience across campus.
Online Payments
Accept payments in the most flexible, convenient way by leveraging your online systems.
Reporting + Reconciliation
Get campus-wide visibility into payment system transactions and integrate reconciliation for financial accountability.
Custom Dashboard
Gain control of treasury, finance and accounting with your own custom payments processing dashboard.
Thought Leadership
Get The Latest Insights
Check out the latest reports and articles from Arrow Payments.
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We’ve discussed how emotional intelligence (EQ) makes you better at business. We’ve even talked about how EQ and payments are tied together. This article explores why EQ is crucial for leaders to possess. Yes, technical skills and a strategic mindset are valuable...
The Digital Campus Payments Imperative
Higher education institutions are increasingly transitioning to digital campus payments – and with good reason. The move is primarily driven by evolving student preferences, though the need for enhanced security and better efficiency are factors, too. Digital campus...
The Evolution of Student Financial Services Payments
In September 2023, NACUBO released its 2023 Student Financial Services Benchmarking Report. The report, which explores student financial services operations from top to bottom, highlighted several trends in unpaid student account balances, student refunds, and...
University Payment Processing Best Practices
Higher education institutions have a lot to consider when it comes to payment processing best practices. New and emerging payment methods, PCI DSS 4.0 requirements, and increasingly sophisticated fraud threats are just a few pressing issues. While it may seem like a...
Step-By-Step Guide to Tuition Payments Automation
University financial offices face mounting challenges when it comes to payments. Receiving tuition payments is a complicated web that includes various entities: students, parents, private and government-sponsored loans, grants, and financial aid. What’s more,...
Common Higher Education Payment Scams
It’s soon to be a new year, which means new (and tried and true) higher education payment scams will be targeting institutions. The industry has experienced an uptick in fraud over the past several years. In 2021, for example, California received more than 65,000 fake...