Western Union and TRUE North simplify tuition payments
New solution to simplify tuition payments announced. Source: unsplash.com
Western Union announced a collaboration with TRUE North, a multi-user, web-based system to manage the information tracking, reporting and collaborative needs of international education programs. The collaboration will enable students to pay tuition and expenses using a simplified payment process, helping funds to arrive on-time and in-full, without hidden charges to the educational institution.
The collaboration will leverage Western Union Business Solutions’ international payments solution, WU GlobalPay for Students, to provide students and parents and agents the ability to review payment options in advance with a price comparison tool to lock-in exchange rates for up to 72 hours. The solution offers options and flexibility to users with the choice of over 70 local currencies and multiple payment methods including in-country bank-to-bank transfer, e-transfer, mobile e-wallets and credit cards. Users can pay with Visa, Mastercard or UnionPay without educational institutions incurring merchant fees.
The GlobalPay for Students platform provides transparency with the ability to track payment status through the online portal, mobile messages and email. After receipt by Western Union, payments are usually delivered to the school within 24 hours.
This payment solution will streamline and automate transaction reconciliation while offering an efficient process for posting of all payments against the individual student records and accounts. Western Union Business Solutions also provides the ability to efficiently refund international student payments directly to the originating bank account.
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