Intelligent Rate For Education
Zero Cost Card Processing
As your college grows, the amount you pay out to your credit card processor increases. In some institutions, credit card processing adds up to thousands of dollars annually. Money that could be spent on Instructors, more classes or other uses. When you use Diamond SPS and combine it with Intelligent Rate processing, you pay zero processing fees. Charge $1,000.00 and you will be paid $1,000.00. Save thousands of dollars per year.
WE MAKE YOUR LIFE BETTER
Intelligent Rate prices different cards at their different costs.
Instead of charging a flat rate, Intelligent Rate sets the service fee to correspond to the cost of accepting the card a consumer chooses. For example, consumers who choose rewards cards will cover the extra cost associated with those rewards.
Because credit cards cost colleges and universities so much—upwards of 3.99% of the tuition payment—more institutions now charge a surcharge to cover the cost of card processing. Unfortunately, a surcharge penalizes the person who pays with a low cost debit card or no frills credit card.
Intelligent Rate changes all that. When the payor enters their card, the unique software of Intelligent Rate informs the card holder of the exact fee they will pay. It’s then their choice, pay with the high cost card or opt for a lower cost card. If a debit card is all they have, then the rate charged is much more fair to the payer.
LEARN MORE ABOUT THE BENEFITS OF DIAMOND SPS
Save Thousands with Diamond SPS
Diamond SPS has worked to partner with some of the most cutting edge payment processing companies in order to provide an unparalleled service to educational institutions of all sizes. Saving thousands of dollars a year on “processing fees” Diamond SPS is a solution for any educational program nationwide.
Low-cost cards pay a lower fee (as low as 0.75%)
Intelligent Rate provides real-time information about savings options. Consumers can reduce their service fee by choosing a lower-cost form of payment, such as a no-frills credit card or debit card.
When Students or their parents pay tuition with a credit or debit card, your institution receives 100% of its billed amount. Our processor collects the service fee and pays all transaction costs, so you get every dollar you’re due.
Intelligent Rate is powered by our partner’s patent-pending technology that determines a card type and cost of acceptance in less than a second. The result is a solution that provides the transparent experience today’s student expects.
Fair and Friendly
With Intelligent Rate, students are responsible for covering the costs they create, just like with utility bills and other consumer services.
A Different Approach
In contrast, a flat-rate service fee forces a student with a low-cost card, such as a debit card, to subsidize a student who prefers a card that’s more costly to accept.
The Administration Portal works with pay.noblept.com in order to provide access to transaction history, a virtual terminal, full range of reports, and much more.
People who know us
The DiamondSIS team has been great to work with! We were in process of implementing one of the modules in the current version and then we got a preview of the new D3.0 updated system. What we have seen looks great and we are looking forward to transitioning to it.
ACI Medical & Dental School has been working with Diamond for the past 16 years as our Student Management System. Diamond has contributed to our success with providing an effective, efficient system that allows us to manage our students successfully. Our relationship has always been positive and their customer service is attentive, friendly and timely. We are looking forward to upgrading to the newest version and can’t wait for the implementation. We look forward to many more years.
DiamondSIS is a great help for our school. I like the easy accessibility of information that is all centrally located for our students on each profile. All student information for contact and evaluation is available.
Diamond-D SIS is a software to manage students account, I like relatively ease usage for each users i.e. admins, faculty and students. Consumer care is very good.
New Professions Technical Institute ha estado utilizando Diamond SIS por alrededor de 10 años y puedo decir en nombre de todo el equipo que estamos muy satisfechos. Diamond SIS nos permite acceder a toda la data de una manera organizada, imprimir reportes y llevar todos los procesos y departamentos del instituto con efectividad y eficiencia.
En este momento estamos usando Diamond Cloud WorkSpace lo que nos permite acceder al sistema desde cualquier lugar siendo esto un plus en estos tiempos tan difíciles que estamos viviendo a nivel mundial con el COVID-19.
Estamos deseando ver que nos trae el próximo año con “El Nuevo Diamond (Diamond 3.0)” y confiamos que nos ayude a ser incluso más eficientes y productivos y a integrar algunos de los procesos que ahora usamos fuera del SIS, sobre todo para el proceso preadmisión.
Gracias por tantos años de excelente servicio al cliente, por ayudarnos durante la pandemia a la transición al Cloud, y sobre todo por ser parte fundamental de NPTI.
Who we are
Diamond was founded over 20 years ago when two entrepreneurs worked together to build an affordable software system that would manage student information for Career colleges. Fast forward 20 years, after hundreds of updates and version updates, Diamond still has its first customer and enjoys long term relationships with many of its customers. Diamond 2022 stands on the shoulders of these entrepreneur’s work.
Many of our associates, the people who run Diamond day-to-day, the people who write the Diamond software, answer support tickets, training and sales, held positions at colleges in the financial aid and registrar departments, admissions and compliance positions. We have decades of practical experience, that when blended with your experience and needs, results in excellent software to assist you with your job. Diamond 2022 represents a uniquely capable software platform to successfully run your college.