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Jones County Junior College & BlackboardPay

DELIVERING FINANCIAL AID FUNDS AND SUPERIOR STUDENT SERVICE THROUGH THE CARD PROGRAMWhen Jones County Junior College (JCJC) set

out to modernize their financial aid process, the

most important goal was to improve student

service. With BlackboardPay, JCJC’s students

enjoy free and clear access to their financial

aid funds, and the college has significantly

reduced check processing costs and increased

overall deposits and participation in the

closed-loop Bobcat Bucks program.

At Jones County Junior College in Ellisville, Mississippi, disbursing funds to students has gotten a lot easier lately. JCJC

implemented BlackboardPay in August 2010 to help students receive their financial aid and payroll funds faster than with

a check or an Automated Clearing House (ACH) transaction, which can take up to three business days to clear. As a result,

the number of checks being processed has reduced and on-campus deposits have increased.

BlackboardPay is an FDIC-insured, prepaid account that can be issued on-campus, in real time, and integrated with the

Student ID. As a safer alternative than carrying cash, BlackboardPay also protects students from traditional banking fees

such as overdraft (NSF), PIN-debit and foreign ATM transaction fees.

Campus Card Convergence: The JCJC OneCard Now Offers the Convenience of BlackboardPay to Give Students Instant Access to Financial Aid Credit Balances!

The new student campus ID cards function as two

cards in one – delivering access control and stored

value with the college’s Bobcat Bucks program and the

functionality of a prepaid debit bank card. JCJC cut

the expense of processing paper checks, eliminating

students having to wait in line to receive their checks

and search for a check-cashing location. At JCJC, 70%

of students receive financial aid, necessitating the

issuance of approximately 9,200 checks every year

totaling $10 million. By implementing BlackboardPay,

JCJC immediately solved the problems of expense

and inefficiency associated with fund disbursement.

With BlackboardPay, Jones County Junior College has dramatically changed how financial aid credit balances

are delivered.

• More than30% of JCJC financial aid recipients useBlackboardPayforimmediateaccesstotheirfinancialaiddisbursements

• Morethan$2.5 millioninfinancialaidcreditbalancesprocessedfortheacademicyear2010-2011

• JCJCstudentsavoidpayingthousands of dollars inoverdraftandtraditionalbankingfeesperyear

• Administrators have reduced the time and expenseassociated with paper check processing saving theschoolthousands of dollarsannually

• Bobcat Bucks deposits increased 600% sinceBlackboardPaywasimplemented

• TheJonesOneCardprogramhasgrowntomorethan

$500,000insales

The BlackboardPay Impact

JCJC’s Checklist

The BlackboardPay solution met every requirement on the

checklist JCJC developed as the school searched for a solution

to meet its goals.

Is it safe? • FDIC insured

• PIN protected

• No credit risk, credit implications or risk of over-drafting

Is it fast? • No waiting in line to pick up a check

• Electronic funds are disbursed up to 24 hours before

paper checks

Is it convenient? • Use it everywhere Discover® is accepted

• Get cash at ATMs (On-campus installed ATM and 43,000

Allpoint Locations)

• Cash Money Network Checks® at participating Walmart stores.

• Cash access at Discover In-lobby locations

• Transfer to a personal bank account

• Account Balances access online, by phone, or with text

or email alerts

• 24/7 customer service support

Is it free? • Free ATM withdrawals at In-Network ATMs nationwide

• Free Money Network Check cashing at participating

locations, including Walmart

• Free Signature and PIN debit purchases at Point-of-Sale

• Free Money Network Check re-orders

• Free automated Customer Service

• No monthly maintenance, minimum balance fee, or

negative balance fee

The new student campus ID card now functions as two cards in one — delivering access control, and stored value, as well as providing all the functional-ity of a prepaid bank card. The functionality of BlackboardPay also increased awareness of OneCard Services and the deposits made into the stored-value account, known as Bobcat Bucks, making the Jones County Junior College OneCard a powerful tool both on and off campus.

“I am pleased that we are now able to provide this great new student service while improving efficiencies in the

Bursar’s office. We’re now saving money in financial aid disbursement activities, and on top of all that I didn’t have to change or buy

anything new to make this program work for us,” said Candice Smith, OneCard Services Administrator. Plus, Blackboard installed

an Allpoint Network ATM on our campus to complement the 43,000 surcharge-free locations around the US.

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