Blog
Halloween Party 2013
November 8, 2013
Last week, after hours, the Diamond Mind Fun Committee hosted an epic Haunted House in the Diamond Mind conference room for the staff. As you can see from our group photo, costume participation was in full effect.
What to Know About PCI Compliance and Your Mobile Devices
October 29, 2013
Maintaining PCI-DSS compliance while accepting payments via handheld mobile devices is, however, a little tricky since the PCI-Council has not yet decided exactly how to do that by developing standards around this issue.
Develop a Consistent Campus-Wide Data Security Policy
October 24, 2013
If part of your to-do list includes tightening the procedures around electronic payments acceptance at your school and developing a consistent campus-wide data security policy, we have a tool that might get you started. We’ve developed a template intended to help you think through some of the issues you should consider which include the following:
How Your School Can Benefit from a Purchase Card
October 15, 2013
A purchase card is a type of payment card that is paid off each month. This allows a manager to limit the spending of each individual card holder. Purchase cards differ from ordinary business or corporate credit cards in that there is an extensive system to monitor spending, categorize spending and manage spending by “profiling” different cards for different people, and no balance is carried forward.
3 Tips for Building and Protecting Your Independent School’s Brand
October 8, 2013
Most independent schools thoughtfully selected their mission statement, their logo, their colors and overall look and feel to reflect “your mission and who you are” as an institution. Old or new, progressive or traditional, understated or bold – there are key differences between your independent school and others.
What to Know About MasterCard’s New Charity Interchange Rates
October 4, 2013
We are excited to tell you that MasterCard is about to introduce a new charity interchange rate which may offer additional savings on credit card processing for independent schools. Because the rate is so new, we need to evaluate the program carefully and look closely at all the terms and conditions to see if this is, in fact, the good news we hope it is for independent schools.
7 Ways to Achieve a Powerful Purchase Card Program
October 1, 2013
Once you’ve been convinced of the cost savings you can generate for your school with a purchase card, and have chosen your provider, it’s time to put your program in place. We’ve put together a seven point plan to ensure that you get everything you can out of your new P-card program.
Evaluating Your School’s Payment Provider – Free Checklist
September 19, 2013
Choosing a company to accept all of your electronic payments – including credit cards, debit cards, ACH/eChecks and related technologies — can be complicated. But if you take the time to get it right, you can save money and minimize the risks to your school community.
So how do you get it right? This checklist will help you assess electronic payment service providers to find the best offer from the best company for your school.
American Express: Low Rates and Higher Donations
September 17, 2013
Accepting American Express for Payments at Your School Accepting American Express Cards for Payments is no more expensive than the premium Black and Platinum Visa and MasterCard reward card, that …
What is Discount for Cash?
September 9, 2013
Offering a discount for paying by cash or checks is a fairly common way for companies to encourage cash payment for large purchases like orthodontics or plastic surgery or even smaller purchases in low margin industries, such as gas stations. This practice has long been expressly permitted by the Card Brands (Visa, MasterCard, Discover, American Express). For independent schools, this approach is also an option worth considering since it can effectively enable schools to accept credit cards without raising tuition or incurring additional costs.
Diamond Mind is the leading provider of digital payment solutions for independent K-12 schools, making payment processing fast, easy and parent-friendly. Over 1,000 schools rely on Diamond Mind to enhance revenues, increase flexibility, and improve the payment experience for schools and parents alike. Our cross-campus payment solutions include tuition, online giving, summer programs, purchase card programs and more.
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