PayMyTuition develops innovative digital tuition payment solution for Canadian students due to COVID-19
TORONTO and JERSEY CITY, NJ, April 7, 2020 /CNW/ - PayMyTuition, a leading provider oftechnology-driven global payment processing solutions for international tuition payments, announced today that it has made its next-generation cross border tuition payments technology available for domestic student payments across Canada. This innovative solution was created in response to the COVID-19 pandemic, to aid in the support of social distancing, to equip institutions with an alternative cost-effective way for students to pay tuition and fees. Students can now pay tuition and fees directly online to their educational institution via numerous domestic payment methods including: Email money transfers, bill pay, direct debit, EFTs, credit cards and Paypal in order to avoid in person transactions.
"We are in uncertain times and the impact of COVID-19 has put a lot of pressure on educational institutions across Canada. We wanted to assist Canadian institutions by enabling them to offer a safer alternative for domestic student tuition and fee payments," said Arif Harji, Chief Market Strategist at MTFX Group. "We have developed a digital, contactless and more affordable payment alternative for domestic students allowing them to make payments in the comfort of their home versus travelling to an institution to pay face-to-face."
With the launch of PayMyTuition's domestic student payment solution, students in Canada can quickly and easily pay for tuition and student fees at the click of a button. Once payments are funded into the institution's bank account, transactions are automatically matched to specific student records and are then posted directly into the appropriate student accounts without any manual intervention through PayMyTuition's API Integration. This automation will reduce tuition processing times, remove bulk manual payment matching, allow instant payment settlement for faster student enrollment, and save the institution time and money on overall payment processing.
PayMyTuition's domestic student payment solution, by way of their real-time API, can be seamlessly integrated into most student information systems including: Banner, Colleague, PeopleSoft, Workday and Jenzabar.
The company has already onboarded several Canadian colleges and universities to offer this alternative to its students. PayMyTuition will continue to work with institutions across Canada to expand this offering to a multitude of schools over the next thirty days.
For more information visit www.paymytuition.com.
SOURCE PayMyTuition
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