U Georgia Launches Secure Vault Payment Service

The University of Georgia will be launching Secure Vault Payments (SVP) as a new tuition payment option. SVP is a service developed by NACHA, the non-profit electronics payments association that oversees the Automated Clearing House (ACH) Network, one of the largest electronic payment networks in the world.

U Georgia is one of several universities that will be offering SVP to help remove paper checks from their systems, while also allowing them to receive bank-authorized ACH credit payments. The university is receiving the service through Synovus, a Columbus, GA bank.

"Secure Vault Payments is a great solution for us," said Lisa McCleary, bursar for the university. "SVP is a smarter electronic payment option that lowers our risk, allows us to receive money faster, and helps us keep costly and wasteful paper out of our system."

According to NACHA, SVP offers real-time authorization from consumers' banks. With SVP transactions funds are received within 24 hours via an ACH credit payment.

Consumers are directed to their personal online banking site where they enter their password credentials to authorize the payment and complete the transaction. Secure Vault Payments performs data protection and authentication with the consumers' financial institutions. SVP also eliminates the burden of collecting, storing, and protecting bank information. The college or university never sees the consumers' private financial information. Secure Vault Payments also allows consumers to pay electronically from their bank account, removing paper from the system.

About the Author

Dian Schaffhauser is a former senior contributing editor for 1105 Media's education publications THE Journal, Campus Technology and Spaces4Learning.

Featured

  • young man in a denim jacket scans his phone at a card reader outside a modern glass building

    Colleges Roll Out Mobile Credential Technology

    Allegion US has announced a partnership with Florida Institute of Technology (FIT) and Denison College, in conjunction with Transact + CBORD, to install mobile credential technologies campuswide. Implementing Mobile Student ID into Apple Wallet and Google Wallet will allow students access to campus facilities, amenities, and residence halls using just their phones.

  • A Comprehensive Guide to the Best Value Evaluation Systems

    Choosing the most cost-effective evaluation system requires balancing price, usability and insight quality. In a landscape full of digital tools and data demands, it is important to prioritize platforms that deliver clear results without complicating operations.

  • laptop with digital productivity and calendar symbols

    September 2025 Tech Tactics in Education Conference Agenda Announced

    Registration is free for this fully virtual Sept. 25 event, focused on "Overcoming Roadblocks to Innovation" in K-12 and higher education.

  • computer monitor with a bold AI search bar on the screen

    Google Reimagines Search with AI Mode

    About a year after launching AI Overviews in its flagship search offering, Google has announced broad availability of AI Mode in Search.