October 8, 2014
Johns Island, SC – The Coalition for College Cost Savings (“Coalition”) announced today that The Payments Company has been awarded a contract to provide ePayables technology and services to Coalition members and their member institutions. The Coalition’s Higher Education Member Organizations and their member colleges and universities now have access to AP Advantage™ from The Payments Company. AP Advantage, an electronic accounts payable disbursement solution, allows private colleges to pay vendor invoices electronically and move away from costly and inefficient check and manual card processing.
Harry Goldberg, President of The Coalition for College Cost Savings, noted that “the AP Advantage solution through the Coalition offers significant benefits. The system is as powerful as it is simple to use, provides easy set-up, and earns rebates that reflect the total payment processing across all Coalition member’s schools.”
“The Payments Company has revolutionized the vendor payment process for the Higher Education market and we are pleased to partner with the Coalition in making the solution available to over 700 private colleges and universities,” said Steve Winston, CEO of the Payments Company. “AP Advantage automates the payment process in college business operations and turns it into a revenue generator. We look forward to providing increased efficiency and profit opportunities to Higher Education institutions though our relationship with the Coalition.”
About The Payments Company
The Payments Company (www.thepaymentscompany.com), a privately held company in Richmond, Virginia, was founded in 2009. The staff includes a team of experienced banking, payments, and IT professionals with over 100 years of financial and payments expertise. The goal of the company is to assist clients in automating the vendor payment process using their proprietary web-based software. The Payments Company provides personalized and customized service and consulting to clients and assists them in realizing the financial and operational rewards of utilizing the AP advantage™ solution. AP Advantage was awarded the Paybefore™ Awards’ Best Business-to-Business Prepaid Card Program in 2013.
About The Coalition for College Cost Savings
The Coalition for College Cost Savings (www.thecoalition.us) is a 501(c)(3) non-profit organization, established in 2006. The Coalition was conceived as a catalyst for the first comprehensive and collaborative purchasing effort focused exclusively on independent, private higher education. The Coalition’s goals are to leverage the collective buying power of private colleges to reduce operating costs, improve the efficiency of internal procedures and ultimately lower the cost of delivering education. From the earliest conceptual discussions of its structure in 2004, the Coalition has grown to 32 member organizations in 29 states that collectively serve 784 private colleges and over two million students.