With over 19,000 students across three campuses, the University of Essex has all the amenities you’d expect of a similar-sized town. Although, with over 140 countries represented, that would be a particularly multicultural town by anyone’s standards.
“We offer a wide range of services to our students and staff, as well as to the local community,” says Bryn Morris, the university’s registrar and secretary. “As well as our lecture theatres and laboratories, we offer cafés and restaurants, bars, shops, arts activities – like our theatre and cinema – and significant sporting facilities, including an amazing 1,600-seater arena.
“So, as a university with a turnover of more than £300 million, we've got a wide range of different income streams. We need to ensure that we manage our cashflow effectively.”
The university partnered with Elavon to handle all its payments – from a coffee on campus costing just a few pounds, to tuition and accommodation fees which are in the thousands. Transferring large sums of money online can potentially be problematic, requiring a multitude of security checks, to say the least. Not so for students at the University of Essex.
“Elavon has tailored our [payments] solutions, so that they're frictionless,” explains Carol Saward, head of income and payments. Backed by the strength and stability of U.S. Bank, the fifth-largest commercial bank in the United States, Elavon has experience and expertise when it comes to working with busy, complex educational institutions – and the capability to tailor solutions to meet this sector’s unique needs.
“Before working with Elavon, the university had multiple acquirers, which meant multiple systems,” says Carol. “That was just a pure headache. Now we've got one system we can log into and the reporting is great. We have lots of standard reports, but we can bespoke reports as well.”
“[Elavon also] helps us with fraud prevention, any changes in compliance regulations and anything that we need to know about,” she adds.
In the busy, ever-changing education sector, Bryn can trust Elavon to help track finances and how money flows around the campus. “Being able to keep tabs on money coming into the university, in a way we can track and in a way that's secure for users of our facilities, is really important for us,” he concludes.
Whether you want a cashless campus, frictionless online payments or to take in-person sales from digital wallets, learn more about our secure systems tailored for education.