This innovation aims to boost security and fraud protection of tuition payments
PayMyTuition, a part of MTFX Group, has added new biometrics facial recognition technology to enhance cross-border tuition payment security.
According to a statement, data leaks are becoming more frequent and bigger in scale. This way, the company considers biometric verification as a reliable way to verify someone’s identity and prevent hacker attacks.
PayMyTuition allows educational institutions to integrate this technology into their existing channels.
Besides, those institutions will receive large and complete amounts of rich data. It includes student information and payment statuses, of which they didn’t have visibility before, making end-to-end payment transactions easy and transparent.
What is more, PayMyTuition’s new solution can be integrated into most student information systems including Banner, Colleague, PeopleSoft, Workday, and Jenzabar.
We’ve reported that the United Kingdom bans credit card payments for online gambling.