Tag Archives: wisconsin-stout

U.S. Bank Offer NACHA SVP for Online Tuition Payments

U.S. Bank will offer Secure Vault Payments (SVP) online payment option for student tuition payments and related education fees to the University of Wisconsin-Stout, Wisconsin’s Polytechnic University. This allows students or their parents to initiate payments on a college or university web site and are automatically redirected to their own financial institution’s online banking platform to select which account they wish to use for payment. They are then returned to the school’s site, where they receive payment confirmation. SVP was developed by NACHA to reduce paper checks and increase use of the ACH Network while the SVP switch technology that transfers users between the biller’s site and the financial institution’s site is provided by eWise.