NuVision Networks Corporation, The Discover Network,
Sutton Bank, and Metavante Enter Into a Strategic
Alliance
This agreement sets the stage for NuVision Networks
Corp. to be a dominant force within the growing
Campus-Card sector at colleges and universities
worldwide.
Napa, CA (September 2, 2008) (PR Service) –
NuVision Networks Corp., a leading provider of
campus card solutions, has entered into a strategic
alliance with The Discover Network, Sutton Bank and
Metavante. NuVision Networks will leverage their
industry-leading technologies and product lines with
the power of the Discover Card Network, which
connects to millions of merchants and cash access
locations worldwide. This agreement, beginning
September 2008, sets the stage for NuVision Networks
to become the only provider of Discover debit cards
(embedded within student body ID cards) at
participating colleges and universities.
This alliance provides
great benefits to students as their ID cards can act
as a “Good Funds” debit card, which is a card that
will not affect credit reporting status, will not
incur fees, and can never be overdrawn. Good Funds
debit cards provide the ultimate protection to
students and are the most responsible choice for
institutions. Perhaps the greatest benefit will be
ID cards that are received anywhere in the world
that the Discover Network CardŽ is accepted.
This alliance benefits
institutions as it will help them streamline their
refunds process, which in most cases is costly and
onerous. With NuVision Networks, institutions can
electronically issue refunds onto student ID cards
instantly and automatically. This provides a great
benefit to students, as their refunds are available
in real-time, no matter how large or small.
Automating this process takes refunds off the books
and eliminates the need to track down and reissue
un-cashed checks or forward unclaimed monies.
Best of all, this
program will enhance student life by making the on-
and off-campus experience easy and convenient. Not
only will their campus ID cards act as “Good Funds”
debit cards, they can also get cash back, access
balances online, as well as receive low balance
alerts automatically. They can monitor their
account deposits; whether from student payroll or
parents, as well as their expenditures online and in
real-time, all without the need of bank or credit
accounts.
For every deposit made
by the institution; for refunds or student payroll,
the student will have access to one withdrawal at
any ATM without charge. The college or university
can control how the card may be used. They can
place restrictions on the card, excluding things
like online gambling or taverns.
The
alliance between NuVision Networks Corp. and
Discover Financial Services clearly demonstrates the
power and versatility of their products, as well as
their unprecedented year-over-year gain in market
share. “We believe our industry to be very young
and for the most part untapped. This is very
exciting not only because of its potential for
explosive growth, but because we have a hand in
shaping the industry. I believe our products,
attractive pricing models, and core values excite
our customers in very fundamental ways and with the
added value of partnering with Discover, we have the
best product lines in the industry,” says Chief
Engineer, Bob Roth of NuVision Networks Corp.
The
synergies created in this alliance offer strategic
advantages by exposing consumers to the premier
products of both companies, while establishing
opportunities for brand loyalty, brand recognition
and future returns. Going forward, the companies
plan to work together to strengthen channels,
develop greater product lines, and to secure
significant market share.
About NuVision Networks Corporation
NuVision Networks Corp. is an
industry-leading provider of Campus-Card Solutions
offering premier product lines and technologies to
better support Auxiliary Services in higher
education. Since 1984, NuVision Networks has strived
to better the student experience while creating more
efficient campus environments that are not only
cost-saving, but revenue-generating. With NuVision
Networks, Imagine the
possibilities!