Campus-based financial management solutions will improve student satisfaction
Boston, MA – July 15, 2015 – Jenzabar®, Inc., a leading provider of software, strategies, and services for higher education, today announced a partnership with Herring Bank to provide Herring Bank’s suite of payment processing solutions to Jenzabar clients. The combination of Herring Bank’s One Card ID solution with Jenzabar’s student information systems will deliver a unified payment system across campus.
Herring Bank’s Veita product, One Card ID, allows colleges and universities to offer direct deposit for student credit and balance disbursements. The campus ID card includes a checking account with transactions posted to student accounts in real-time. Through the partnership, students will be able to better manage their finances and institutions will be able to better manage student financial transactions. Jenzabar will create Herring Bank interfaces with Jenzabar’s student information systems.
“We are excited to be joining the Jenzabar community,” said David Riggs, Executive Vice President at Herring Bank. “We’re looking forward to bringing our Veita One Card ID solution to Jenzabar customers. Our expertise in financial management coupled with Jenzabar’s expertise in higher education provide complementary strengths that institutions can leverage to deliver a cohesive one card and direct deposit offering.”
“Similar to Jenzabar’s product development strategy, listening to our customers and executing on their needs has also always been a top priority for our partner program,” said Bob Maginn, CEO of Jenzabar, Inc. “The Herring Bank partnership will help Jenzabar clients address revenue collection and disbursement, improve student satisfaction with point-of-sale technology, and reduce administrative overhead and transaction fees.”
About Herring Bank
Herring Bank originated in Vernon, Texas in 1899. The bank provides a full range of commercial and consumer banking products, as well as investment and trust services. While the bank is primarily owned by the family of its founder, Col. C.T. Herring, the bank has directors and owners in communities that it serves. Through local leadership and ownership, Herring Bank has created a legacy of helping customers with their financial needs for some 110 years.
Jenzabar, Inc. is a leading provider of enterprise software, strategies, and services developed exclusively for higher education. The company offers integrated, innovative solutions to advance the goals of academic and administrative offices across the campus and throughout the student lifecycle. As a trusted partner serving more than 1,000 campuses worldwide, Jenzabar has over four decades of experience supporting the higher education community. Jenzabar is headquartered in Boston, Massachusetts. For further information, please visit www.jenzabar.com.