University of Georgia Joins Secure Vault Payment Network
Synovus has announced an agreement with the University of Georgia to launch Secure Vault Payments (SVP) as a new tuition payment option. Synovus said that in 2008 it "became the first bank in the U.S. to offer customers this fast, safe and easy option for making payments online."
“We are very pleased the University of Georgia chose to join the growing list of merchants and billers adopting SVP as a payment channel, and we believe other colleges and universities in the Synovus footprint will soon see the benefits of using this innovative product,” said Lisa White, Director of Payment Services for Synovus.
“Secure Vault Payments is a great solution for us,” said Lisa McCleary, Bursar, University of Georgia. “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.”
The SVP process begins when the online customer selects this option to make a purchase or pay a bill on a merchant’s or biller’s website. The customer is directed to their Synovus bank’s SVP login page where they use their existing Internet banking identification and password to complete the transaction. The bank approves the transaction and securely sends the authorization, without exposing any personal customer information, back to the online merchant or biller.
For more information on Secure Vault Payments, visit any Synovus bank website directly, or use the locations link on http://www.synovus.com to find the Synovus bank nearest you. Additional information is available at http://www.securevaultpayments.org.
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