Visa U.S.A., CoreStates Bank of Delaware, and Treasury Management Advisers Inc., a subsidiary of Common Fund, announced the launch of the TMAI Treasury Card.

The no-fee product is a purchasing card for the Common Fund's 1,400 member colleges, universities, and independent schools.

Participating schools use customized cards to combine their orders for equipment, fuel, and supplies, thus qualifying for special offers and reduced pricing.

The card is available to officials who have buying authority at the schools, which will receive training and education from CoreStates.

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