Western Union is teaming up with TRUE North to offer students a simplified payments platform to pay tuition and expenses, Western Union said in a press release on Thursday (Sept. 5).
The new process will help funds to arrive on time and in full, without hidden charges to the educational institution.
“We are proud to collaborate with TRUE North to integrate our payments solution into their platform,” said Roy Farah, vice president of sales for Canada, Western Union Business Solutions. “By simplifying payment tracking and reconciliation, TRUE North’s education institutions can free up valuable financial and administrative resources.”
The collaboration will leverage WU GlobalPay for Students and gives students, parents and agents a chance to compare prices and review payment options before locking in exchange rates. After receipt by Western Union, payments are usually delivered to the school within 24 hours.
With a choice of over 70 local currencies and multiple payment methods, the solution offers users options and flexibility. People can pay with Visa, Mastercard or UnionPay without educational institutions incurring merchant fees. Users can also set up in-country bank-to-bank transfers, e-transfers, mobile e-wallets and credit cards.
“We are excited to integrate the Western Union GlobalPay for Students payment platform,” said TRUE North Co-Founder Jason Schaad. “The integration will save valuable time for international agents, parents and students, as well as school boards across Canada.”
TRUE North said it offers a secure, multi-user, web-based system to manage information tracking, reporting and collaborative needs of international education programs. It is built from the ground up to be a hosted solution, with security and protection of student information taking highest priority.
In June, Western Union partnered with Visa to expedite the movement of money globally — and digitally — across a range of use cases. Western Union is leveraging Visa Direct, the card giant’s real-time push payments platform, to offer end-users — consumers and businesses — expedited global, push-to-card transfers. The companies said in a release that the pact helps scale real-time, cross-border payments across more than 200 countries and territories, and 130 currencies.