FrontStream Payments Initiates Strategic Collaboration With SunGard K-12 Education

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SunGard K-12 Education Software adopts FrontStream Payments’ fasttransact ™ payment platform and new Partner Portal customized functionality.

FrontStream Payments and SunGard K-12 Education have collaborated to offer an integrated solution that combines SunGard’s eSchoolPLUS student management system and FrontStream’s revolutionary fasttransactTM Payment Platform. FrontStream’s proprietary fasttransactTM platform is the first, single-source payment capture and data management system of its kind. The platform is a self-serve, enterprise level payment capture and management system, designed with multiple input channels, interactive tools to gather/track customer and consumer activity, and critical data streaming to core client-side business applications.

“SunGard K-12 Education recognized they could offer their clients immediate value by integrating our fasttransactTM payment engine into their software,” explains Nina Vellayan, Chief Executive Officer and President at FrontStream Payments, “Through this new joint solution, SunGard will expand their K-12 bundled service capabilities with the extension of client-side administrative control and data access, along with convenient and robust front-end tools that facilitate the acceptance of one-time or scheduled payments for fees, supplies and incidentals.”

In addition to the student information that is currently available through eSchoolPLUS, the integration of FrontStream’s payment platform will offer parents, educators and administrators an intuitive, front-end web payment interface for submitting and tracking payments. The custom integration between the two systems still gives parents who use the eSchoolPLUS system a single log-in for access, but they will also be given automatic access to real-time payment data information through the single, sign-on functionality.

According to Jay Reed, SunGard K-12 Education Senior Product Manager, “FrontStream will allow SunGard K-12 Education to support our customers’ payment processing needs in one place, handle all forms of payment types and credit cards, and be cost effective.”

The fasttransactTM platform is administered entirely through a groundbreaking, back-end client portal that gives each platform user 100% control and the ability to personally scale the system whenever needed for maximum flexibility. Via this proprietary Partner Portal, administrative users can quickly and easily adjust configurable payment options for front-end users, including future scheduled payments, partial payments, split payments and automatic recurring payments. Configurable payment types, including all major credit and debit cards and eCheck processing, and convenience fee options have also been built into the system, allowing for rapid set-up and deployment.

As an added value to FrontStream’s core payment solutions, the Partner Portal gives school administrators access to a feature-rich data management system, complete with real-time reporting and downloadable payer demographic data. The Partner Portal’s targeted marketing tools allow schools to engage parents and supporters anytime using email and SMS text channels to communicate important announcements.

“This solution is an excellent example of FrontStream’s capability and focus within the Education sector,” Vellayan continues, “We will not only continue to provide secure and conveniently integrated solutions for all of our education partners, we will continually be surveying and meeting their emerging needs through groundbreaking payment technologies that can be easily built and deployed through our all-in-one, modular payment platform.”

For more information about SunGard K-12 Education Software, visit the company's website at: http://www.sungard.com/K-12. To learn more about FrontStream Payments’ products and services, go to http://frontstreampayments.com/Productsservices.aspx.

About SunGard

SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $4.5 billion, SunGard is the largest privately held software and services company and was ranked 434 on the Fortune 500 in 2011. For more information, please visit http://www.sungard.com.

About FrontStream Payments
FrontStream Payments is a leading merchant solutions provider of integrated payment products. The company has well-established client relationships in virtually all business sectors and a strong partnership presence in the B2B, Non-Profit, Education, Automotive, Energy, and Hospitality industries. Offerings include turnkey solutions that enable clients to increase revenues through POS, mobile and web acceptance of ACH eChecks and credit/debit cards. All accounts and products are powered by FrontStream’s proprietary fasttransactTM payment platform, launched in 2011 as the first, single-source payment processing, data management and integrated ERP system of its kind. The company is headquartered in Reston, VA and has offices in Brentwood, TN and Lacey, WA.

Trademark Information: SunGard, the SunGard logo and eSchoolPlus are trademarks or registered trademarks of SunGard or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

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Lyn McKay
FrontStream Payments
(360) 357-1400 x111 111
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