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Follow on Google News | Scotland's parents and carers soon to benefit from simple online payments for school meals and tripsWisePay accepted on Online School Payments Framework introduced to help schools make significant savings and reduce administration
By: WisePay No longer will parents/carers of the 682,000 pupils attending Scotland’s 3,000 schools scramble around every morning gathering their loose change to make up the lunch money for the 54.6 million school meals that are served every year, or hunt for the cheque book to pay the next instalment due for their youngster’s school trip. Neither will schools and councils be faced with the significant administrative burden of handling, processing and banking over £120 million of relatively small cash transactions every year. The new Online Schools Payments service will also offer schools and local authorities a much welcomed opportunity to reduce transaction processing costs by a significant margin. Service provider costs for processing cash and cheque transactions (4.5%) are around three times the cost of processing online transactions (1.5%) so even if just 20% of the total annual payments for school meals and other non-meal purchases were made online rather than by cash, annual savings of around £750,000 could potentially be made - rising to over £2 million over three years. Councils can opt to use their acquiring banks and payment gateways or use WisePay’s banks and gateways. “This enables WisePay to provide a competitively- The new Framework was developed by Scotland Excel to help councils meet the vision of the Scottish Government’s Digital Future Strategy, ‘to ensure Scotland, its communities and its people are well placed to take full advantage of all the economic, social and environmental opportunities the digital age can offer’. WisePay is also providing Scottish schools with optional expenditure management services in addition to its payment and booking services. All services are integrated so schools are able to manage not only the payments from their parents and carers but also the expenditure of say a coach driver or cost of entrance tickets - all in a single cost centre for that trip, all on a single platform. End
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