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.
This solution leverages PayMyTuition’s deep knowledge and proven capabilities in fraud detection and prevention to help Canadian institutions manage their refund process with greater ease and confidence.
The number of international students has grown year-over-year within the past decade, and while the pace of this growth is predicted to slow overall, the numbers will nonetheless continue growing. As such, the demand for flexible cross-border payment options can only increase along with them.
For international payments, outsourcing to international payment processors allows for better security and gives students better choices for paying in local currencies. Local currency payments are controlled through formal banking channels and are scrubbed through robust anti-money-laundering and counter-terrorist financing programs.
How Blockchain can Revolutionize Higher Education. The distributed model of blockchain technology provides a platform for colleges and universities to not only adopt bitcoin, but it also goes beyond cryptocurrency investment.
Accommodating international students’ payments promote recruitment and diversity. Easing the student payment process pays dividends in the overall student experience and morale benefits that spill over into the general student population.
The cryptocurrency traction is based on a solid foundation of blockchain technology. Blockchain is a secure, locked ledger, which among other benefits, ensures trustworthy financial peer-to-peer transactions.
Bitcoin and blockchain are especially relevant in institutions of higher learning today. Not only can they be powerful investments, but learning about them can also help students keep up with the changing financial times.
Higher education is a natural partner to blockchain technology. The technology has applications in student identification, secure and reliable course records, and expanding its resources to a worldwide student population online.
Blockchain technology has a new relevancy in higher education. Some universities - MIT, for example - are offering courses in blockchain technology, and others are even investing in bitcoin for higher returns in their fund portfolios.