Achieving Nacha and PCI Compliance in Just Three Weeks

Shasta College, a community college in Redding, California, needed a new payments provider that could deliver the new Nacha (National Automated Clearinghouse Association) account validation requirements to maintain compliance while minimizing disruption to their business operations.

Shasta College selected ACI Speedpay to meet its payment, compliance and back-end processing optimization needs. Not only could ACI Speedpay meet their immediate compliance needs, but it is pre-integrated with Anthology, Ellucian and Oracle Systems and supports more than 400 colleges and universities. The ACI Speedpay solution enables a wide variety of digital
payments and effective back-office funding and settlement options.

The Challenge

• Shasta College’s existing payments solution was unable to meet Nacha’s impending account validation requirements
• As a result, Shasta College would soon be out of compliance with Nacha’s merchant ACH security requirements and needed to quickly switch to a payments provider that could integrate seamlessly into their Colleague SIS

The Solution

• Shasta College selected ACI Speedpay to meet its payment, compliance and back-end processing optimization needs
• ACI Speedpay enables a wide variety of digital payments and better back-office funding and settlement options
• ACI’s 20+ year partnership with Ellucian Colleague and deep knowledge of the higher education space helped facilitate a smooth implementation

The Results

• Implementation time took only three weeks with minimal impact to Shasta College resources
• ACI partnered with Doctums Global to facilitate a streamlined onboarding experience and a 75% reduction in implementation time
• Time consuming RFP process was eliminated due to a pre-negotiated pricing agreement approved by the Foundation for California Community Colleges