WPM Payment Platform - HEAnet · WPM Payment Platform Payment Gateway Allowing for multiple...

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WPM Payment Platform WPM are the process specialists and payment experts to the higher education sector Higher Education

Transcript of WPM Payment Platform - HEAnet · WPM Payment Platform Payment Gateway Allowing for multiple...

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WPMPayment PlatformWPM are the processspecialists and paymentexperts to the highereducation sector

Higher Education

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With WPM, your capacity to take secure online payments will be transformed – resulting in significant savings in time and money, on every transaction.

Whenever students, parents, or others need to pay for anything – from tuition or accommodation fees to library fines or booking a squash court – our industry-leading Payment Platform will enable them to do so, quickly and easily. Every time, and wherever they may be. We have helped 120 universities and higher education institutions to improve efficiency, and achieve substantial savings.

In this brochure, we briefly explain what we can do for you. For moredetailed information, please visit us at www.wpmeducation.com

Welcome to WPM

“WPM have always been very good at listening and supporting us – we can always pick up the phone and go straight through to someone who can help. They take the time to understand the issues we’re facing and work with us to resolve them.”

Richard Dewfall, Finance Systems Manager, University of the West of England

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“A bad experience when making a payment would make 3 out of 4 of students and parents less likely to recommend your institution”*

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Why WPM?

All over the country, universities are using our secure Payment Platform to take the way they accept payment into the 21st century.

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Cut Costs, Increase Efficiency & Grow Revenue

By greatly increasing efficiency across all university functions that involve accepting payments, our Payment Platform can deliver important savings in time and money. Many of our clients report savings of £10 per transaction, or even more when an invoice no longer needs to be generated; which, on many thousands of transactions a year, quickly adds up to a very significant sum.

The efficiency gains, however, will often be even greater, since our Payment Platform can also enable you to reduce time-consuming manual processes on either side of the payment transaction itself – helping to free up time and resources that could be more effectively used elsewhere. We offer not just a better way of taking payments, but a smarter way.

In addition, our Payment Platform can play a valuable role in helpinggenerate revenue growth. In particular, our clients find that using our Online Store functionality of the Payment Platform enables them to offer students and others a wider range of services, together with a much easier online payment experience.

Simple & Fully Integrated

Simplicity – for clients and their customers – is key to our offering. Our Payment Platform is exceptionally user-friendly, fully hosted by us, and simple to configure to your specific needs and business logic.

The Payment Gateway functionality integrates seamlessly with your existingsystems so that all the management information it provides is delivered in the form to which you are accustomed, making it easy to achieve major gains in efficiency from day one.

To help maximise the benefits across your university, individual users can be given tailored access to the system as and when required. (This might, for example, apply to a staff member organising a study trip abroad and needing an efficient way of taking payment from a large number of students.)

Exceeding Customer Expectations...

These days, students and their parents have high expectations of theiruniversity, among which is a strong sense that they deserve to be treatedas valued customers. The WPM Payment Platform will ensure this is alwaysthe case.

With us, your online payment systems will carry your university’s branding,and always perform consistently. Whenever students want to pay foranything, and wherever they may be, they will be able to carry out thetransaction fast and efficiently.

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...at Home & Abroad

For universities with large numbers of overseas students, the “customer experience” benefits are even greater. Our Payment Platform enables students to pay for their courses before arriving in the UK, at their convenience.* * (Dependent on payment method and your payment provider.)

The advantages to you are clear. Never again will your administrative staff need to waste countless hours processing baffling bank transfers, from numerous countries and sources. Nor will you be forced to write off many thousands of pounds potentially lost as a result of fluctuating exchange rates and bank commission.

A System That Will Grow With You

Scalability is another major plus with our Payment Platform.It is designed to be fully capable of growing with you to meetyour changing online payment needs, and drive continuousimprovements in efficiency, right across your university.Better still, as your use of our Payment Platform increases over time, so will your financial savings – since, after initial set-up costs, we charge only an annual licence fee, with no additional costs for transactions.

Benefits in Brief

SavingsA single payment system that will save time and money on every transaction, while growing revenue.

SecurityA fully PCI DSS compliant solution, helping you reducecompliance costs and risks.

SimplicityA turnkey solution to simplify your payment processes,easy to configure, and intuitive to use.

SeamlessnessIntegrates fully with your existing systems, ensuringthe right data in the right place at the right time.

ScalabilityA system capable of growing with you, to meetyour future needs.

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Our Payment Platform

The WPM Payment Platform provides the framework for a completeand totally integrated online system through which all your university’sincoming online and electronic payments can be routed.

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The Payment Gateway Functionality

The Payment Gateway functionality of the system transformscollecting and processing all kinds of online payments, including:

■ Debit and Credit cards■ Direct Debits■ PayPal

There are no limits to the type of payments that can be accepted.This means that every university can take full advantage of the benefitsof centralised payment processing, in terms of efficiency, access tomanagement information and payment administration.

In addition, the system can be configured to deliver a high level ofcustomer service by offering even more advanced options, suchas deferred, instalment or recurring payments.

Payment Platform Functionality

Direct LinksFor payments where thepayer enters the paymentamount (e.g. where feepayments are made onbehalf of a student)

Direct LinksStudents, staff, the generalpublic or businesses whichwish to make payment forgoods or services, includingcompleting bookings

IntegrationPayments for one-offdeposits/fees, as well asinstalment setup. Either as part of a process (e.g. enrolment) or as a direct link from a system (e.g. cashless card or printing credit top-ups)

WPM Payment Platform

Payment GatewayAllowing for multiple integrationand/or entry points (“pathway”)for your customers. With the abilityto configure each paymentpathway to your business logicand payment requirements

Online StoreProvides an e-commerce framework through which products and services can be sold through one or more “store fronts”. Fully managed by your staff; providing a turnkey solution to improving booking process efficiency, while helping grow revenue and improve your customer experience

Payment & Business LogicConfigurable attributes,depending on integration andfunctionality requirements:

Reporting & Integration Data LogicProviding integrated, automatedand ad hoc reporting and dataexport functionality

Payment Methods Payment Process Availability Fulfilment Process

Payment Types Visibility Content Communication

“2 out of 3 students and parents expect you to provide a consistent payment experience”*

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Payment Platform Overview

Your CustomersAllowing them to make payments, including by individuals, organisations or entities paying on behalf of your students

WPM Payment PlatformA single framework through whichall your online payments can befacilitated; allowing your customersand staff to complete paymentand booking processes for all yourproducts and services

Online StoreEasy To Use Fully PCI DSS Compliant Recurring Payments Card Storage (Tokenisation) Dynamic Currency Conversion (DCC) Multicurrency Support Localisation Remote Web Administration Online Reporting

Your StaffAllowing payment processing onbehalf of customers, as well as systemmanagement and reporting

Payment ProcessorsFully integrated paymentprocessing with all leadingPayment Service Providers,PayPal and Bacs (Direct Debits)

Your Internal SystemsIntegration to send and receivedata; reducing and removingmanual interaction and improvingspeed of fund allocation andcustomer experience

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Online Store Functionality

Launched back in 2005, the Online Store functionality has evolved intoa highly flexible and sophisticated framework, enabling institutions to sell a wide range of products and services.

From your students’ perspective, the benefits in terms of customerexperience are clear. They can browse your products and services intheir own time, and seamlessly purchase, exactly as they do wheneverthey shop online.

For your university, quicker and more efficient transactions are only oneof the advantages. No less important is the ability to increase revenue bycontinually extending the range of products and services available online.Many of our clients have seen payment volumes increase year on year.

Save Time & Increase Efficiency

In response to demand from clients, we have also developed threespecialised areas of functionality to enable them to maximise revenuein key areas.

■ Conferences and events: the most widely used, simple and highly efficient solution for universities wishing to provide customers with the ability to book and pay online for all kinds of conferences and events

■ Short courses: developed in conjunction with the further and higher education sector, a quick and easy way for students at all stages of their education to book and pay for short courses online

■ Graduation ceremonies: a flexible solution based on input from clients with the shared goal of simplifying the booking process for customers, reducing administrative costs, and increasing overall revenue from graduation ceremonies

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A Fully PCI DSS Compliant Solution

For universities, payment system security is of course a key priority, and a time-consuming commitment. The WPM Payment Platform is fully PCI DSS compliant, and our standing as a Level 1 Service Provider helps our clients reduce their PCI DSS scope, reducing both compliance risks and associated costs.We also work closely with the sector to further understanding of PCI DSS compliance. We share our knowledge and expertise by providing sector specific training and we support the HE/FE PCI DSS Special Interest Group (SIG) in providing valuable information, events and resources.

We also hold an annual national conference with a day dedicated to PCI DSS. This gives our clients the chance to network with their peers and gain a greater understanding of achieving and maintaining PCI DSS compliance.

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Your Goals, Our Commitment

At WPM, our industry-leading technology is only part of the service we offer.With every university client, our aim is to become a trusted partner. We arealways on hand to help you get the very best from our systems, as well asproviding the support and expertise you need to achieve not just ‘quickwins’, but also your longer term strategic goals.

Developing a Payment Acceptance Strategy

First and foremost, we are good listeners, always keen to understand exactly what it is that clients are hoping to achieve; what obstacles need to be overcome and whether there may be a better way of doing things. As a result, we are able to play a valuable role in collaborating with clients to develop a Payment Acceptance Strategy, together with the necessarymetrics to measure its success.

In many cases, this will focus on making better and more extensive useof our Payment Platform to maximise efficiency gains and cost savings,for example, as part of your university’s commitment to continuedengagement with students and alumni.

Putting Training in Context

While our Payment Platform is exceptionally user-friendly, even the mostintuitive tools need to be used well in order to deliver the best possibleresults. The training we provide is designed to help users at all levels to gainmaximum benefit from our systems within the context of their organisation.

Reliable Performance

With WPM, reliability is a given. Having provided our Payment Platformfor universities since 2001, we have built our reputation and our successon dependable 24/7 performance.

But when very large organisations are using highly sophisticated systemsof any kind, inevitably there will be occasions when all does not go entirelyaccording to plan. In those – very rare – circumstances, you will see us at our best. When clients need us, we respond fast and efficiently, doing whatever it takes to ensure that any issue is resolved, with the minimum possible interruption to normal service.

“9 out of 10 students and parents think payment security & legistlation compliance is important”*

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Our Clients

As you can see, institutions of all kinds and sizes right across the UK trustus to help them handle payments with maximum efficiency. Many havebeen clients of WPM for 10 years or more.

Over time, we have come to think of our clients as a community, and we make a real effort to encourage the sharing of knowledge and ideas through regular networking events. WPM also plays a key role in thought leadership, commissioning research and reports designed to enable universities to learn not just from each other, but also from the best in other fields.

As long established leaders in the higher education online payment market,we are committed to remaining at the forefront of the search to find newand better ways of helping our clients achieve their goals.

A Fully PCI DSS Compliant Solution

For colleges, payment system security is of course a key priority,and a time-consuming commitment. The WPM PaymentPlatform is fully PCI DSS compliant, and our standing as a Level 1Service Provider helps our clients reduce their PCI DSS scope,reducing both compliance risks and associated costs.

We also work closely with the sector to further understandingof PCI DSS compliance. We share our knowledge and expertiseby providing sector specific training and we support the HE/FEPCI DSS Special Interest Group (SIG) in providing valuableinformation, events and resources.

We also hold an annual national conference with a daydedicated to PCI DSS. This gives our clients the chance tonetwork with their peers and gain a greater understandingof achieving and maintaining PCI DSS compliance.

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“Four out of five parents would complain if they received a bad payment experience”*

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“Having only recently gone live we have already seen the enormous value of takingpayments online. The main objective of theproject was to improve the student experience and collecting tuition fees online is working exceptionally well for us – allowing our students to make immediate payments and set up instalments plans.”

Mark Soole, Head of Information and Communication Technology, Royal College of Music

Rose Bruford College of Theatre & Performance

A better student experienceRose Bruford College of Theatre & Performance is one of the UK’sleading drama schools, awarding students degrees (in conjunction with the University of Manchester), while also providing top class professional training. The college uses our Payment Platform and Online Store to offer students a range of products and services, from short courses and events to sports facilities and merchandise.

“It’s imperative that our students and their parents have a consistent experience when purchasing from us. We were finding the process of collecting cash or arranging a manual payment both time-consuming and clunky. Having integrated with the WPM Payment Platform, our students can now buy and pay for any of our products and services from the comfort of their own home, using the same payment method across the whole catalogue of products.

It’s been extremely successful for our students and their parents, and for Rose Bruford, too. We take over £600,000 in revenue from over 3,300 transactions per year, and we can now process all those payments through WPM’s single system, providing a consistent experience for us as a college as well as for our students and their parents.”

Olivia Wong, Finance Director, Rose Bruford College of Theatre & Performance

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University of Kent

Improving Student SatisfactionEstablished in 1965, the University of Kent – the UK’s European university – now has almost 20,000 students across campuses or study centres at Canterbury, Medway, Tonbridge, Brussels, Paris, Athens and Rome. Kent has been ranked: top 10 for overall student satisfaction in the 2013 National Student Survey; 20th in the 2014 and 2015 Guardian University Guide; 28th in the Sunday Times University League Table 2013; and 22nd in the Complete University Guide 2015. In 2014 it received its second Queen’s Anniversary Prize for Higher and Further Education. Maintaining student satisfaction ratings is a key priority; and quick and efficient online payments, enabled by WPM, play a vital role.

We process an extremely high volume of transactions for a multitude of products and services, from administration services such as deposit payments, to products within the different faculties. We needed to integrate our existing systems and processes into a single system with the capability and to cope with such high volumes.

The success for us was the seamless integration with the WPM Payment Platform. Intuitive to use, and simple to configure, we now have a single system that has made it easy for us to move that enormous volume of transactions online. Last year alone, we processed over £35 million in revenue and over 70,000 transactions through the WPM Payment Platform.

Neil Oliver, Assistant Director of Finance, University of Kent

“We’ve worked with WPM from 2001 and they’ve been really supportive in working with us as a sector and partner, helping us along the way to where we are now, which is having Payment Acceptance strategies that really drive an increase in our activity.”

Richard Shortland, Assistant Director of Finance, University of Birmingham

“WPM are very approachable. They offer unique, relaxed events where you can network with your peers as well as meet key suppliers. This is a huge benefit for institutions when considering which suppliers we want to use. You also come away with key HE/FE contacts which is priceless for knowledge sharing.” Jo Brewin, Online Store Manager, Loughborough University

“Debit cards are the most popular method of payment used by students”*

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Ready to Learn More?

We hope this brief introduction has given youa clear sense of how WPM can transform yourability to take payments with maximum efficiencyand at minimum cost, right across your college.

For more detailed information, please visitwww.wpmeducation.com, or contact usdirectly to discuss your specific requirements.If you would like to see our Payment Platformperforming in a real-life context, we would behappy to arrange a visit to one of our manysatisfied college customers around the country.

+44 (0) 844 264 1580www.wpmeducation.com

Trinity Laban Conservatoire of Music & Dance

Collecting £4 Million a YearWith 670 UK and 310 overseas students, Trinity Laban is one of the more specialist higher education institutions, being the UK’s only conservatoire of both music and contemporary dance. But the number of transactions they need to process is comparatively very high, with students and other customers demanding a variety of payment methods.

“The WPM Payment Platform has allowed us, with a minimum of cost and effort, to provide a simple and effective service to our internal stakeholders to allow them to take payment for their goods and services online. This is fundamental to our vision of a customer service- driven, professional and leading institution and we would now not be without this service.” Richard Shortland, Assistant Director of Finance, University of Birmingham

“We attract some of the very best young dancers and musicians from around the world, and it’s crucial that our student-facing services match up to their extremely high standards.

We needed a solution that was scalable enough to meet the needs of our institution but had the capacity to process the volumes of a growing institution.

The simple integration of WPM’s Payment Platform has achieved our goal – by streamlining our processes and providing us with a straightforward single payment solution across the whole of our organisation.

Trinity Laban now takes £4 million a year in revenue and over 5,000 transactions, all of which are processed through the WPM Payment Platform. The key success for us is that the functionality of the Platform has enabled our customers and students to manage and make their payments through their chosen method.” Tony Sim, Financial Controller, Trinity Laban Conservatoire of Music & Dance

* Source: WPM/YouGov survey of 3,278 current UK HE/FE students and their parents/guardians (2015)

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