Toronto; New Jersey City: PayMyTuition, a leading provider of technology-driven payment processing solutions for tuition management and campus commerce, announced today a partnership with MySIS, a cloud based education platform allowing for multiple bespoke integrations and embedding of third-party services with financial systems, to equip MySIS educational institution partners with PayMyTuition’s next-generation student payment and campus commerce solutions.
“We are proud to be working with PayMyTuition to integrate their next-generation payment solutions with our higher education partners across Canada,” said Sean Hamill, Principal Software Engineer at MySIS. “We have extensive experience in cloud integrations and embedding third-party services and this partnership will allow us to take our offering to our partners to the next level, supporting thousands of students in their demand for a fully digitized campus experience. We are excited to partner with this team of innovators within the student payments space, ensuring that our partners remain competitive in today’s education marketplace.”
This partnership will allow MySIS, and its education partners across Canada, to gain access to PayMyTuition’s next-generation solution set for student disbursements inclusive of both domestic and international student payments and student refunds that will provide significant advantages and efficiencies for schools. These innovative solutions are integrated through a unique containerized install directly into school’s student information systems that will remove traditional payments friction, eliminate the need of manual intervention or payments reconciliation, reduce overall costs, and save staff resources.
This integration process, by way of a financial API, provides simplicity, clarity, and accessibility to data in real-time to colleges and universities with various industry-first innovative features including frictionless payments, a single platform for schools with an all-in-one dashboard, real-time payment tracking and visibility, and customization to fit the needs of each school individually.
MySIS partner institutions will be able to provide their students with PayMyTuiton’s best in class domestic and cross-border payments platform allowing them to transfer funds quickly and easily from Canada as well as from over 180 other countries, in 135+ currencies, with 90+ unique payment options. Payments through PayMyTuition’s unique platform will allow students to experience fast settlement of refunds and tuition and fee payments while significantly reducing friction within the user experience.
“Through this partnership with MySIS, we will be able to expand our capabilities to further power Canadian educational institutions to accept payments, send pay-outs and have the ability to settle funds quickly and easily,” stated Arif Harji, Chief Market Strategist, MTFX Group.“This integration will be able to fully digitize the student experience for even more schools across Canada, helping them to save costs and create processing efficiencies, all while protecting attrition rates.”
PayMyTuition is focused on putting technology first and continues to bring innovative solutions to the marketplace to support partner institutions within an ever-changing student payments landscape. PayMyTuition’s solution set can be directly and seamlessly integrated, by way of a real-time API, into most student information systems including ellucian Banner, ellucian Colleague, PeopleSoft, Oracle, and SAP among others.
About PayMyTuition by MTFX
PayMyTuition is part of the MTFX Group of Companies, a foreign exchange and global payments solution provider with a track record of 25+ years, facilitating payments for over 8,000 corporate and institutional clients across North America. Last year MTFX Group processed over 10 billion in currency exchange across 220+ countries in over 120 different currencies. MTFX has built its reputation on amazing people and great technology. Using a blend of “high-tech” and “high-touch” solutions, MTFX has grown to become a leader in online foreign exchange and global payment services across North America. In addition to offering incredibly competitive currency exchange rates, MTFX’s “high-touch” 24/7 multilingual customer support ensures that every transaction not only meets but exceeds the level of service our customers expect from us. MTFX is headquartered in Toronto, Canada with its US headquarters in Jersey City, NJ. For more information, please visit www.paymytuition.com and www.mtfxgroup.com
MySIS is an intuitive and customizable student information system capable of handling all aspects of the student life cycle. MySIS is a feature rich system that enables staff, faculty, agents and students to communicate and collaborate in an online environment, while automating common day-to-day tasks and workflows. Built with learning management capabilities, this all-in-one solution will streamline both on-site and online course and program delivery, while allowing for flexible and automated delivery methods.