Toronto; New Jersey City: PayMyTuition, a leading provider of technology-driven payment processing solutions for tuition management and campus commerce, announced today the launch of their innovative digital campus eStore solution for the higher education category. This launch, adding to their recent all-in-one solution offering, will equip colleges and universities with a new contactless way to sell campus goods and services within a single online self-service web application, eliminating the friction that exists within traditional campus commerce payment processing solutions in the category today.
“The idea of a completely cashless campus is a concept that education institutions need to consider more seriously as COVID-19 persists. The launch of our eStore solution, providing institutions with a completely digital campus commerce alternative, will be a game changer for campus payment processing for both students and finance staff,” stated Arif Harji, Chief Market Strategist, MTFX Group. “Our innovative eStores solution allows institutions to have a seamless and contactless way to sell physical and digital goods and services to students, staff, alumni, parents, and visitors along with providing the school with innovative features like shopping cart functionality and inventory management for the first time.”
Cash as a form of payment is now considered a rarity and students have adopted digital alternatives for making student payments as their new normal. PayMyTuition’s eStore solution will enable online campus sales, ticket purchases, event registrations, membership sign up and fee payments, donations, parking passes, campus merchandise, payment of library fines, and much more all through a single self-serve web application with 24/7 accessibility.
With PayMyTuition’s eStores solution institutions will now be able to create, manage, and operate digital storefronts while at the same time, integrate a fully secure and innovative payment offering with various unique and next-generation features including unlimited storefronts, enabling the ability for digital payments, single cart checkout for purchases across multiple stores, the ability to set up one time or reoccurring payments, donation solution capabilities, the ability to set up custom store promotions, codes, vouchers, and student discounts as well as enabling integrated shipping functionality, all with direct integration into student information and campus finance systems at both a store and product level.
This next-generation digital eStore solution will enable institutions to feed transactions directly into their student information systems and assign GL accounts to individual stores while allowing schools to mobilize their POS to accept secure payments anywhere on or off campus. With integrated automation, by way of a real-time API, any manual intervention, data uploading or traditional account reconciliation by school staff is eliminated allowing schools to manage their payments seamlessly and efficiently.
This innovative store experience will also allow students to shop simply and easily online by way of various local and international payment options including credit cards, ACH payments, open banking payments and various e-wallets while enabling foreign payment capabilities across 180 countries in 135+ different currencies.
PayMyTuition’s eStore solution offers institutions customization and flexibility within its innovative technology infrastructure, allowing for the offering to be fully unique and speak to the needs of each college or university individually. This solution is compatible with most student information systems including ellucian Banner, ellucian Colleague, PeopleSoft, Oracle, SAP, among others and is seamlessly integrated into institutions student information systems by way of a direct containerized install allowing them to have this offering fully operational in only a matter of days.
About PayMyTuition by MTFX:
PayMyTuition is part of the MTFX Group of Companies, a 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 11 billion in currency exchange across 180+ countries in over 135 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