A Co-Branded Visa Prepaid ID Card intended to ease the constraints students experience during their registration process was on Friday launched by the United Bank for Africa (UBA) at the campus of the African Methodists Episcopal University, in Monrovia.
The purpose of the brand is to allow students pay their school fees, including tuition, from UBA’s point of sale terminals and for website transactions. Students will also be able to use the card to access the school’s financial record system.
The card, intended for the University’s graduate students, will display not only the name of the cardholder but will also allow him/her to change or choose passwords as he/she wishes. The Co-Branded Visa Prepaid Card would be the first of its kind in the country.
The actual card number also identifies whether another person, who is not the cardholder, is using it.
This would be the first time that a recognized piece of ID, which provides students not only with the ability to pay school fees and which can also be used as both an identification and banking card, would be launched in the country.
Launching the product, Olalekan Balogun, Managing Director and Chief Executive Officer (CEO) of UBA Liberia, said the product is intended to add value to Liberians by helping them achieve their educational aspirations.
“For now, the Visa Card is only restricted to senior staff and graduate students to make maximum use of it,” he said.
Mr. Balogun further poured praises on the administration of the institution for giving them the opportunity to establish UBA’s Visa Card services on the campus of the University.
For his part, the President of the University, Dr. Joseph T. Isaac, thanked UBA Liberia for its farsightedness in addressing the well-being of his students by introducing a state-of-the-art money transaction system to the doors of his school, and further promised his institution’s fullest support.
Giving details of how the system will be helpful to the students of the University, the Head of Digital Banking at UBA Liberia, Prince Chesson, bragged about the uniqueness of the UBA’s Visa Card services being introduced to students of the AMEU.
Mr. Chesson said: “This system we are about to launch today will help you in all financial transactions, including the payment of your school fees wherever you are; even if you graduated today from this University, this Visa Card you are about to get today will always help you in all your monetary transactions.”