Expanded cyberbanking capabilities on ID cards action acceptance greater flexibility, aegis and accessibility back authoritative purchases both on and off campus
Atlanta and Purchase, NY, April 27, 2011 – SunTrust Banks, Inc. and MasterCard Common today appear the barrage of the SunTrust Campus Card, an avant-garde artefact that integrates a apprentice identification (ID) agenda with a MasterCard reloadable prepaid card.
With this new campus card, universities and colleges will now be able to action their acceptance admission to a reloadable prepaid annual to pay for accustomed costs on and, in some instances, off campus, while benefiting from the adaptability and aegis of a reloadable prepaid card. In the instance of off campus use, acceptance will be able to use the SunTrust Campus Agenda to accomplish purchases at millions of locations area MasterCard cards are accustomed or abjure funds after a fee from added than 2,900 SunTrust ATMs. Safer and added acceptable than cash, the prepaid agenda will additionally accommodate acceptance greater aegis and ascendancy over their finances.
“The SunTrust Campus Agenda affairs offers colleges and universities a simplified way to acquit funds while authoritative the cyberbanking lives of their acceptance easier,” said Whitney Stewart, Senior Vice President, Senior Acquittal Strategy Manager, SunTrust Banks. “By bond an ID agenda with a MasterCard reloadable prepaid card, the SunTrust Campus Agenda empowers acceptance with a acceptable and safe way to pay for costs and administer funds both on and off campus.”
Students and parents can calmly add funds to the cards via an online site. In addition, and in some instances, assertive colleges and universities can anon amount cyberbanking aid disbursements assimilate the SunTrust Campus Card, replacing the charge for paper-based payments.
Providing Admission to Funds and a Cyberbanking Education
The SunTrust Campus Agenda affairs can calmly be customized, enabling accommodating schools to baddest the adapted akin of agenda functionality and the admeasurement of cyberbanking admission they ambition to accommodate acceptable students.
“The SunTrust Campus Agenda is an accomplished archetype of how a best in payments makes lives easier while allotment cyberbanking responsibility,” said Ron Hynes, Group Executive, All-around Prepaid Solutions, MasterCard Worldwide. “In research, we accustomed absolute acknowledgment from administrators and acceptance on the convenience, ascendancy and aegis of the acquittal options. Additionally, administrators accent the added annual of added ability for their cyberbanking cost programs.”
As allotment of the program, as currently configured, SunTrust and MasterCard will barrage a website for academy acceptance and adroitness associates targeted to teaching cyberbanking articulacy and featuring allotment accoutrement and educational materials. Acceptance will additionally accept admission to an online armpit that they can log into for annual management, including ambience up annual alerts (eemail and SMS). The sites will be launched after this year.
About SunTrust Banks, Inc.
SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation’s better cyberbanking organizations, confined a ample ambit of consumer, commercial, accumulated and institutional clients. As of December 31, 2010, SunTrust had absolute assets of $172.9 billion and absolute deposits of $123.0 billion. The Aggregation operates an all-encompassing annex and ATM arrangement throughout the high-growth Southeast and Mid-Atlantic states and a abounding arrangement of technology-based, 24-hour commitment channels. The Aggregation additionally serves audience in called markets nationally. Its primary businesses accommodate deposit, credit, assurance and advance services. Through assorted subsidiaries the Aggregation provides mortgage banking, insurance, brokerage, advance management, accessories leasing and advance cyberbanking services. SunTrust’s Internet abode is suntrust.com.
About MasterCard Worldwide
As a arch all-around payments company, MasterCard Common prides itself on actuality at the affection of commerce, allowance to accomplish activity easier and added able for everyone, everywhere. MasterCard serves as a franchisor, processor and adviser to the payments industry, and makes business appear by accouterment a analytical bread-and-er articulation amid cyberbanking institutions, governments, businesses, merchants, and cardholders worldwide. In 2010, $2.7 abundance in gross dollar aggregate was generated on its articles by consumers about the world. Powered by the MasterCard Common Arrangement – the fastest acquittal processing arrangement in the apple – MasterCard processes over 23 billion affairs anniversary year and has the accommodation to handle 160 actor affairs per hour, with an boilerplate arrangement acknowledgment time of 130 milliseconds and with 99.99 percent reliability. MasterCard advances all-around business through its ancestors of brands, including MasterCard®, Maestro®, and Cirrus®; its apartment of amount articles such as credit, debit, and prepaid; and its avant-garde platforms and functionalities, such as MasterCard PayPass™ and MasterCard inControl®. MasterCard serves consumers, governments, and businesses in added than 210 countries and territories. For added information, amuse appointment us at www.mastercard.com. Follow us on Twitter: @mastercardnews.
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Hugh Suhr, SunTrust Banks, Inc., Tel 1 404.827.6813, [email protected]
Dwain Schenk, MasterCard Worldwide, Tel. 1 914.249.4199, [email protected]
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