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PayMyTuition extends innovative real-time payment planning capabilities to the Canadian Business Journal, an educational institution

Toronto, March 8, 2022 (GLOBE NEWSWIRE) — PayMyTuition, a leading provider of technology-driven payment processing solutions for tuition management and campus commerce, is today at Universities and Universities. In addition to offering a recent all-in-one solution, this launch offers tuition and fees through a highly personalized installment plan that allows educational institutions to validate student banking information and account balances using financial status detection technology. Allows students to have the flexibility to pay. Real-time status integrated directly into the student information system.

Arif Harji, Chief Market Strategist of the MTFX Group, said: “This feature provides institutions with complete and abundant student data for the first time in the higher education category for institutions and their students, with the aim of optimizing payment plan assignments to each student’s individual needs. Brings the first of this kind of solution to the population. ”

By integrating directly into the school’s student information system in real time, the solution’s comprehensive registration criteria feature allows institutions to automatically assign hyperpersonalized payment plans to students and manually by campus staff. No need to intervene.

Through the Financial Data API, both student data and funding availability are instantly authenticated to the school, ensuring faster and easier payments. Students will be given the ability to set up personalized payment schedules with automatic payment withdrawals to help them get going.

The solution also allows financial institutions to support overdue payment plans. If students are late for payment at any point, they will be automatically notified through both text and email alerts with tailored offerings to help them get back on track. This solution allows students to take action on their own without having to contact the school, reducing the pressure on the school’s financial manager to make a series of manual adjustments.

PayMyTuition’s domestic and international payment planning solutions allow financial institutions to easily monitor active plans within an all-in-one dashboard with easy-to-manage reporting capabilities. With this 360-degree service, schools can see payment activities, identify payment delays, receive real-time verification of banking information before withdrawing funds, and integrate it into the student information system of the institution in real time to pay. You can automatically sync your data with your student account. ..

This innovative payment plan from PayMyTuition provides schools with a multi-tiered plan registration solution. This allows educational institutions to offer students a seamless payment experience with the ability to schedule payments in advance, while offering a variety of payment types such as credit cards and ACH payments. Pre-approved debits in the US and Canadian markets.

Media contacts
media@paymytuition.com

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Image 1: PayMyTuition

PayMyTuition is part of the MTFX Group of Companies, a global payment solution provider with over 25 years of experience, driving payments for more than 8,000 companies and institutional investors across North America.

This content was published through Newswire.com’s press release distribution service.


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PayMyTuition extends innovative real-time payment planning capabilities to the Canadian Business Journal, an educational institution

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