Disbursements
Simplify the Administration of all Higher Education Payments
We provide electronic payment options that help universities overcome the resources associated with the production, administration and distribution of paper checks. Our solution allows universities to centralize all payment functions including research payments and grants, student refunds and payroll to one platform, fully managed and operated by Citi Prepaid Services. We provide the tools for greater funds management, operational efficiencies and a better communications channel to recipients.
University Benefits:
- Simplifies administration
- Accommodates the "unbanked"
- Title IV compliant
- Lowers cost delivery
- Enhances reporting
- Improves funds management
- Supports sustainability
- Ensures recipient confidentiality
- Reduces instances of fraud
Recipient Benefits:
- Greater convenience
- Protects recipient's identity
- Fraud protection
- Immediate fund access
- No bank account required
- Payment tracking
- Account management tools
- 24/7/365 Customer Service
- Eliminates check cashing fees