PayPal and Venmo Expand to Tuition Payments in New Integrations with Illumia, Nelnet Campus Commerce, and TouchNet
Rhea-AI Summary
PayPal (Nasdaq: PYPL) announced new integrations that allow students and families to pay tuition and fees with PayPal or Venmo through leading education payment platforms Illumia, Nelnet Campus Commerce, and TouchNet, a Global Payments company. These options are already live at institutions including Bellarmine University, Butler University, Kansas State University, Michigan State University, and Texas Tech University, with additional schools expected to adopt them over time.
Illumia, a business unit of Roper Technologies (Nasdaq: ROP), along with Nelnet Campus Commerce and TouchNet, collectively serve thousands of colleges and universities. According to PayPal, the integrations extend its existing presence on college campuses and aim to provide flexible, secure, and familiar digital payment choices for tuition within schools' existing portals.
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Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 17 | AI integration launch | Positive | -2.3% | Aderant launched an iTimekeep integration with Harvey for AI-generated legal time entries. |
| Aug 11 | Freight rate update | Negative | -1.1% | Record contract-rate increases coincided with declining truckload volumes across equipment categories. |
| Aug 06 | Dividend announcement | Positive | +1.3% | Roper's board approved a quarterly cash dividend of $0.91 per share. |
| Aug 04 | Conference presentation | Neutral | +0.1% | Roper scheduled a presentation at the Oppenheimer technology conference. |
| Jul 30 | Leadership appointment | Positive | -4.6% | Illumia appointed Eric Schuster as chief product officer for its technology portfolio. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
ROP's recent news record showed positive operational or corporate developments producing both gains and declines, indicating inconsistent alignment.
Key Terms
enterprise resource planning (erp) technical
pci level 1 technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Students and families can now choose PayPal or Venmo to pay tuition, adding two more everyday payment options to a major life expense.
Key Points:
- PayPal and Venmo are now accepted for tuition payments through new integrations with Illumia, Nelnet Campus Commerce, and TouchNet, a Global Payments company.
- Students and families can pay tuition directly through their participating schools' existing payment portal using PayPal and Venmo.
- The expansion
marks one year since PayPal Inc.'s landmark agreements with the Big Ten and Big 12 which included a change to institutional revenue-share payments for student athletes, building on its push onto college campuses.
PayPal and Venmo are already how many students and families manage money day to day. They pay for groceries, split rent, earn rewards, and send money to friends and family. That familiarity and convenience now extends to tuition, one of the most significant payments for students and their families.
This summer marks a year since PayPal and Venmo struck landmark agreements with the Big Ten and Big 12 Conferences, which included enabling institutional revenue-share payments for student athletes directly through its platform. Venmo built on that momentum throughout the school year, expanding its presence on college campuses through NIL partnerships with student athletes, college-branded cards, student ambassadors, and gameday activations. Together, these efforts continue to bring the brand to life for students and fans alike. This expansion brings that same energy and infrastructure to tuition for the broader student body, giving students and families a trusted and familiar way to pay for one more part of college life.
"Tuition is one of the biggest payments a family will make, and it should come with the same flexibility and security that millions of people already count on PayPal and Venmo for every day," said Frank Keller, President, Checkout Solutions & PayPal. "That's why we're proud to bring that same choice and protection into the reliable systems schools have already built."
Paying for tuition with PayPal or Venmo comes with the same trust and security customers rely on for everyday purchases, including encryption and fraud monitoring. Students and families can pay using whichever funding instrument they prefer, including bank accounts, credit cards, and PayPal or Venmo balances1.
"A modern tuition payment experience has to work for both sides of the transaction," said Don Smith, SVP & General Manager of Integrated Payments at Illumia. "Students and families want the flexibility to use payment methods that fit how they manage their money, while institutions need those options to work within the systems and processes their teams already rely on. This integration helps schools expand choice in a practical way, improving the payer experience without creating a disconnected path for campus teams."
"For students and families, tuition is the single biggest financial decision they'll navigate for higher education. Every payment option we add, including PayPal and Venmo, is about meeting them at that moment with more flexibility and less friction, so affordability isn't a barrier to staying enrolled," said Jackie Strohbehn, President of Nelnet Campus Commerce.
"We are helping campuses deliver greater convenience and operational efficiency in a single experience," said Jeremy Loch, President of TouchNet. "This integration enables institutions to broaden choice and create a more frictionless payment experience for students and families, while preserving the efficiency and visibility campus teams need to support student success. The result is a seamless experience that delivers value for both tuition payers and institutions."
PayPal and Venmo will begin rolling out across the country for tuition payments at select schools.
About PayPal
PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com, https://about.pypl.com, and https://investor.pypl.com.
About Illumia
Illumia (formerly Transact + CBORD), a business unit of Roper Technologies (Nasdaq: ROP), powers the payments, access, foodservice, and credentialing systems that more than 10,000 higher education, healthcare, and senior living institutions depend on every day. Its unified platform delivers the stability, security, and reliability these environments demand — where downtime is not an option. Illumia transforms the experiences organizations deliver to their communities while modernizing how those organizations operate. For more information, visit illumiatech.com.
About Nelnet Campus Commerce
Nelnet Campus Commerce delivers unlimited payment opportunities across campus. Solutions use the latest technology to create a unique and integrated payment experience for more than 1,100 higher education institutions across the country. The intuitive and secure solutions are PCI Level 1 validated and integrate with every major Enterprise Resource Planning (ERP) system. From payment processing and refunds to tuition payment plans and online storefronts, Nelnet Campus Commerce helps process every payment on campus. For more information, visit CampusCommerce.com.
About TouchNet, a Global Payments company
TouchNet unifies campuswide payments and campus ID software solutions for institutions of higher education around the world. Colleges and universities rely on TouchNet to integrate and secure payments, permissions, and other related business transactions for a comprehensive, actionable view campuswide. TouchNet's unmatched integration, transparency, and security gives institutions greater control over transactions, costs, and compliance. As the market leader in higher education commerce technology, our platform-driven approach enables greater operational efficiencies and self-service access to real-time information for students and staff. TouchNet is a Global Payments company. For more information, visit touchnet.com.
Press & Media Contact
Gideon Anstey
Gbanstey@paypal.com
- PayPal and Venmo Balance accounts required to hold and use a balance.
View original content:https://www.prnewswire.com/news-releases/paypal-and-venmo-expand-to-tuition-payments-in-new-integrations-with-illumia-nelnet-campus-commerce-and-touchnet-302854570.html
SOURCE PayPal Holdings, Inc.