DAYTONA BEACH, Fla.--(BUSINESS WIRE)--In the headline and first paragraph it should read PYMNTS.com (instead of PYMTS.com).
The corrected release reads:
TUITION ASSURANCE RECEIVES ‘INNOVATOR OF THE YEAR’ SILVER HONORS BY PYMNTS.COM
Tuition Assurance (TA), a member based financial services company and a division of Campus Scientific, Inc., was recognized as the 2017 Silver Medal ACH Innovator of the Year, awarded by NACHA’s Excellence in Payments Awards and PYMNTS.com.
“It was an honor to be recognized by these leaders in our industry, and to be alongside top winner Bank of America Merrill Lynch, a prestigious worldwide brand, was a pure distinction,” said James Beckmann, President of Tuition Assurance and a leader in consumer affinity programs.
The NACHA Excellence in Payments Award honors an individual or organization that has shown superior leadership and accomplishment in the development, implementation or advancement of domestic or international electronic payments.
Tuition Assurance works with a proven SaaS (software as a service) payroll platform to enable more students to afford college costs with a semester installment alternative to high interest bearing loans that can quickly mount to long-term, crippling debt.
Developed at the Volusia County–University of Central Florida Business Incubator in Daytona Beach, Tuition Assurance gives students a “pay as you study” solution that enables seamless payments through automatic payroll deposits directly from a student’s or parent’s employer. The unique “Tuition from Payroll” platform allows multiple family members to contribute in a hassle-free manner to a student’s tuition obligation when enrolled at a school offering TA.
“In looking to solve a huge problem with the affordability of tuition costs and defaults that keeps students from receiving their diplomas, we identified areas of opportunity to innovate and transform how installments work into a new paradigm in tuition payments to cash-strapped students and their families,” noted Beckmann.
To further assist students, Tuition Assurance will also deliver more exclusive user benefits ranging from its Tuition Rewards program providing discounts at thousands of retailers across the country, to its Credit Climber program that can help young people begin to establish good credit.
“We view the relationship with students and colleges as a partnership; Tuition Assurance aims to make a positive impact to both," Beckmann added.
The Company will start accepting applicants for the Fall 2017 semester in the Florida market starting June 1, 2017, through its website TuitionAssurance.com.
The Company expects to expand nationally starting in 2018.
About Tuition Assurance
Tuition Assurance is a financial services membership company catering to the higher education and private K-12 markets that encompass approximately 20 million students within the $70 billion tuition market. The company is a division of Campus Scientific, Inc. based in Daytona Beach, Fla., with a West Coast office in Las Vegas, Nev. www.tuitionassurance.com 1-844-938-2448.