Payments Are Complex
How Do You Connect The Dots?
With dozens of stakeholders and hundreds of non-integrated payment systems, wrangling the complexity of payments — and building higher education payment solutions that work — simply isn’t happening.
Disparate Department Fiefdoms
With dozens of departments each with a preferred methodology, it is hard to find solutions that work for everyone.
Dozens of Merchants, Processors, + Systems
Misalignment means each department may have its own system, preferred merchant, and processing systems.Â
Rogue FinTech and Shadow Finance
Without understanding the consequences, your stakeholders may devise and install their own, unsecured solutions.Â
PCI Compliance + Audits
Your systems intake tons of credit card and cardholder data, increasing the challenge of meeting PCI compliance standards.
Knowledge Transfer + Loss Risk
Should your payment processing specialist leave, you risk losing data and critical, valuable knowledge.Â
Low Payment Collections
Inefficient or ineffective systems decrease your ability to collect payments and drive revenue growth across campus.Â
Average Number of Payment Systems
Treasury Departments Still Manually Reconciling Multiple Systems
Average Number of Software Applications
Merchant Accounts
A Few of our Vendor Partners
Meet just a few of our hundreds of vendor partners. You can have confidence that we can build a solution around your unique vendor relationships.
What We Do
Payment Processing Solutions
Get a custom solution with an intuitive dashboard to address your complex and unique higher ed system needs.
Point-to-Point Encryption (P2PE)
Prevent data breaches with PCI Validated P2PE and reduce PCI compliance scope and costs.
Device Installation
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.
Credit Card Processing
Improve your credit card systems to streamline payment processing, improving the cardholder experience.
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.
Thoughtful, patient & understanding experts helping us upgrade all of our payment systems across campus, improve PCI compliance & secure the entire university against a credit card data breach. We couldn’t have made as much progress in so short of time without Arrow Payments.
PCI Compliance + Security
Leverage Secure Higher Education Payment Solutions
Protect data. Protect your institution.
Data is everywhere. So are security threats. Use our payment solutions to securely store credit card and customer data to minimize the risks — and reputation loss — associated with a data breach.
Payment Efficiency
Accept More Payments. Increase Your Revenue.
Don’t let logistics get in the way of revenue intake.
Legacy systems and inefficient integrations can lead to significant losses for your Treasury department. Increase revenue by accepting new forms of payment.
By using automated billing and accepting the latest payment formats, like EMV chip, NFC Google, and mobile pay, your team saves time and you increase revenue intake. That’s a win-win.
Insights
Read the Latest Reports
Stay up-to-date with the latest reports, news, and insights on Treasury Management.
Cultivating Emotional Intelligence in Leadership
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...