Transact Sponsor Payments

Modernize and simplify third-party bulk payments for student tuition and fees.

Transact Sponsor Payments connects sponsors, universities and students on a single platform, reinventing sponsor payment sharing and the payment experience. Automated. Visible. Easier than ever.

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Why Transact Sponsor Payments?

Your team doesn't have time to manage the burden of extra spreadsheets and manual tasks from sponsors. Administering sponsor payments should be just as easy—and automated—as any other payment process you manage. Now, it can be.

With an intuitive, user-friendly portal that readily links payments to student accounts and delivers flexible reporting and presentation capabilities, you can transform the way sponsor payments are processed. Plus, by providing a positive sponsor payment experience, today's students can increase their likelihood of continued enrollment and academic completion.

End-to-End Digital Reconciliation

This feature provides a comprehensive digital solution for managing the entire payment process, ensuring accuracy and efficiency from initiation to completion.

Real-Time Visibility and Self-Service Capabilities

The platform offers real-time data access and visibility into payment statuses and balances, enabling sponsors to self-serve and manage their payments independently, which enhances communication and operational efficiency across universities and sponsors.

Seamless Integration with Existing Systems

Transact Sponsor Payments integrates with Student Information Systems (SIS) and other existing payment solutions, facilitating automated syncing and easier management of records and balances.

Automated Payment Processing

The platform automates the collection and application of online payments, significantly reducing manual efforts and streamlining the payment process for both sponsors and universities.

Transforming Sponsor Engagement: Empowering Dynamic Connections Among Sponsors, Universities, Students and Users

Transact Sponsor Payments connects sponsors, universities, students, and users on a single platform, streamlining communication, reinventing sponsor payment sharing, and improving the overall payment experience. With this solution, higher education institutions can expect strengthened sponsor relationships, reduced administrative burden, and improved student satisfaction.

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Sponsor Payments on Laptop

Colleges and Universities are embracing our integrated payment products

500 hours a year

Amount of time saved by using automated B2B payments1


Organizations are moving away from physical checks2

See Transact Sponsor Payments in Action!

Experience a live customized demo, get answers to your specific questions, and find out why Transact is the right choice for your institution. 

What to expect: 
  • A brief conversation to discuss your goals and how you're currently accepting payments. 
  • Live demo of our suite of solutions for one connected campus. 
  • Time to answer your questions and make sure you have all the information you need. 
  • No commitment—demos are free! 
  • Please submit your information and a Transact representative will follow up with you within 48 hours. 


Transforming Educational Finance with Transact Sponsor Payments 

Higher Ed institutions have often faced challenges with the manual interventions and processes necessary to manage sponsor payments for student tuition and fees. These outdated processes often result in administrative headaches and less-than-ideal experiences for both students and sponsors. Recognizing the critical need for an innovative approach, Transact Campus has developed Sponsor Payments. This groundbreaking solution leverages advanced technology and focuses on user experiences to streamline financial transactions, making the management of sponsor payments seamless and efficient.  

Transact Sponsor Payments introduces a significant change from existing methods, providing a complete overhaul that directly addresses the sponsor payment challenges. By utilizing cutting-edge technology and emphasizing user needs, the platform simplifies, streamlines, and clarifies the payment process like never before. Higher Ed institutions are now equipped with a tool that transforms a historically labor-intensive operation into a smooth, error-free experience, allowing them to focus more on their educational goals.  

Why Modernizing Sponsor Payments is Essential  

The gap between manual sponsor payment processes and the digital efficiency today's students and sponsors expect is growing wider. Laura Newell-McLaughlin, EVP, Integrated Payments and Campus Commerce at Transact, describes the challenge: “University payment systems for third-party sponsor payments have historically been manual and time-consuming." She emphasizes that Transact Sponsor Payments brings a much-needed tool to the table, simplifying the sponsor billing and payment process for everyone involved.  

This need for modernization is not only underscored by the expectations of younger generations, especially Gen Z students, but also by the evolving landscape of employer contributions to education. As employers continue to recognize the value of offering tuition reimbursement benefits, sponsored payments are expected to grow quickly in the coming years. In 2022, nearly half (48%) of employers offered undergraduate or graduate tuition assistance as a benefit, signaling a significant shift towards educational support in the workplace.  

Gen Z students demand modern payment capabilities within their educational journey, with studies showing that 74% of them prioritize ease of payment on campus and online as essential to their college experience. This intersection of growing employer sponsorship and student expectations for digital payment solutions highlights the critical need for educational institutions to modernize their payment processes. Adopting payment solutions like Transact’s Sponsor Payments that resonate with a digitally native student body ensures that financial operations are not just efficient but also aligned with the needs and expectations of today's students and their sponsors.  

A Closer Look at Transact Sponsor Payments  

At its heart, Transact Sponsor Payments is a robust payment portal that transforms the task of making bulk payments for student tuition and fees from tedious to straightforward. The platform shines by offering:  

  • End-to-End Digital Reconciliation: Automating the third-party sponsor payment process to a student account to increase accuracy and lessen manual workloads.  
  • Seamless Integration: Compatibility with existing payment systems and various Student Information Systems ensures a smooth experience for administrators and sponsors across diverse university environments.  
  • Comprehensive Visibility and Control: Providing real-time insights into every payment stage allows for detailed oversight, from the macro of total dollars owed to the micro of individual line items on a student account. 

Zak Wiatr, Senior Product Manager at Transact Campus, highlights the platform's foundational goal: "Our aim was to embed a dedicated sponsor payment solution within the Transact payment platform from the outset, enhancing the user experience through a modern UI and capitalizing on advanced functionalities."  

Expanding the Benefits of Sponsor Payments  

Transact Sponsor Payments extends beyond the role of a mere payment portal to address the multifaceted challenges of sponsor payments comprehensively. It achieves this by:  

  • Automating Processes and Self-Service: Minimizing manual data entry and empowering sponsors to manage their payments independently reduces the administrative load and elevates sponsor satisfaction.  
  • Elevating Technology and Security: The use of state-of-the-art technology ensures seamless integration with current systems, providing a secure environment for all transactions.  
  • Enhancing Communication and Relationships: By improving communication between students, sponsors, and universities, the platform strengthens relationships and fosters a more unified financial ecosystem.  

Zak speaks to the platform's significant impact on operational efficiency: "The primary benefit for higher education offices is the substantial time savings, translating to fewer manual tasks and less back-and-forth with sponsor accounts payable offices."  

Bridging Experience: From Higher Education to Transact Innovations  

Transact Campus's approach to developing products like Sponsor Payments is deeply rooted in collaboration and real-world insights. By engaging over 25 higher-ed client partners and their staff through research and user testing sessions, the team at Transact Campus has been able to pinpoint the most significant challenges faced in managing sponsor payments and design digital solutions that address these issues effectively. This partnership between Transact Campus and its clients is pivotal in creating innovative solutions that have a tangible business impact. 

The practical experience of team members such as Mason Rick and Linda Wilson further strengthens Transact Campus's capacity to understand and address the financial challenges within higher education. Having worked in university finance roles before joining Transact, they bring invaluable insights into the complexities of sponsor payments and the need for streamlined processes. 

Mason shares his perspective from his time as an Assistant Bursar at Xavier, emphasizing the considerable effort managing sponsor payments used to require: "It demanded immense time, effort, and attention to detail." He praises the efficiency of Transact Sponsor Payments, highlighting how it has transformed a potentially full-time task into a process that can be managed "in just a few hours a week." 

Similarly, Linda reflects on her experience as the Director of Finance and Systems and Services at Gonzaga, underlining the critical role of sponsor payments as a revenue source for universities. She points to Transact Sponsor Payments as a key solution in making revenue collection more straightforward, thereby simplifying a crucial aspect of university finance. 

Together, the partnership with clients and the firsthand experiences of team members like Mason and Linda illustrate how Transact Sponsor Payments is designed to meet the real-world needs of higher education institutions, simplifying sponsor payment processes and enabling a focus on broader educational goals.  

Feedback and Outcome  

The launch of Transact Sponsor Payments has been met with enthusiasm across the education sector, signaling a transformative shift in managing sponsor payments. Laura Newell-McLaughlin encapsulates its value: "With Transact Sponsor Payments, we're simplifying the billing and payment process for universities, sponsors, and students." This melding of advanced technology with the specific needs of educational finance exceeds modern demands for streamlined operations, setting a new standard.  

Looking Ahead  

Transact Campus's commitment to merging technology with educational finance needs is evident in the Sponsor Payments system. The expertise of professionals like Mason and Linda has been instrumental in crafting a solution that meets the real-world needs of its users, promising a more streamlined and transparent approach to sponsor payment management. 

The debut of Transact Sponsor Payments marks the beginning of a new chapter in higher education finance, characterized by digital innovation and streamlined processes. This platform stands as a guiding light for universities and sponsors as they transition to digital, promising improved operational efficiencies and a better student experience.  

1 According to American Express Amex Trendex B2B Edition 2023 

2 According to Association of Financial Professionals (AFP) Electronic Payments Survey