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Markham Headquartered PayMyTuition Launches Innovative Open Banking Cashiering Module for Educational Institutions

This innovative open banking cashiering solution will equip educational institutions with a two-factor account verification process for payer authorization before a transaction can be made, making transactions easy and highly secure for the student.
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PayMyTuition, a leading provider of technology-driven payment processing solutions for tuition management and campus commerce, announced today the launch of its innovative cashiering module for educational institutions. This launch, powered by open banking technologies, will allow schools to have multiple campus cashier stations simultaneously while providing an all-in-one offering for accepting, transacting, and processing campus payments over the phone and in person with direct integration into schools’ student information systems (SIS) for the first time. 

“When it comes to how students purchase class books, school supplies, on-campus event tickets, among many other things, institutions fall short on these payment experiences, leaving students and school staff to use traditional on-campus POS terminals to fulfill education transactions,” stated Arif Harji, Chief Market Strategist, MTFX Group. “Our innovative module provides institutions with an all-in-one cashiering solution with real-time funds verification and balance checks that enables them to securely accept and manage payments via desktop and mobile workstations anywhere on campus, creating significant efficiencies for both schools and their students.”

Full Article: globenewswire.com