Blog

What to Know About MasterCard’s New Charity Interchange Rates

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

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

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

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?

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.

Having a School Expert Provide Your School Payment Solution

Diamond Mind has a ten year history of providing payment services and technology, including credit card and eCheck processing, exclusively to the independent schools community. Our unique specialization directly benefits our client schools in five ways:

Secret Ingredient for No-Hassle Payment Services: Vendor Compatibility

School Software Vendor Compatibility Diamond Mind’s payment services are directly compatible with the majority of the major web application vendors to the independent schools community like Whipple Hill, inRESONANCE, Silverpoint, …

3 Steps to Success With Your School’s Annual Fund

Recently, in our chats with school business officers we’ve been hearing more talk of annual funds. We figure if we’re hearing about it from more than a few of our clients, chances are you’re gearing up for your annual giving campaign as well. And while we can’t really share your pain, we can offer support as you begin this process by sharing best practices we’ve been gleaning from our school clients.

Diamond Mind and NBOA Expand Partnership

National Business Officer Association (NBOA) Affinity Partnership As part of their renewed agreement, Diamond Mind will continue in the exclusive NBOA Affinity Partner Program, a position the company has held …

Inspire the Donors at Your Annual Event to Give More

Increase Donations at Your School with a Paddle-Call A terrific way to increase donations with minimal effort is to include a Raise-the-Paddle (“RTP”) during your evening. You may have heard …