Western Union and TRUE North Simplify Tuition Payments
September 05 2019 - 9:00AM
Business Wire
Western Union (NYSE: WU), a leader in cross-border,
cross-currency money movement and payments, today announced a
collaboration with TRUE North, a multi-user, web-based system to
manage the information tracking, reporting and collaborative needs
of international education programs. The collaboration will enable
students to pay tuition and expenses using a simplified payment
process, helping 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
administration resources.”
The collaboration will leverage Western Union Business
Solutions’ industry-leading international payments solution, WU®
GlobalPay for Students, to provide students and parents and agents
the ability to review payment options in advance with a price
comparison tool to lock-in exchange rates for up to 72 hours. The
solution offers options and flexibility to users with the choice of
over 70 local currencies and multiple payment methods including
in-country bank-to-bank transfer, e-transfer, mobile e-wallets and
credit cards. Users can pay with Visa, Mastercard or UnionPay
without educational institutions incurring merchant fees.
“We are excited to integrate the Western Union GlobalPay for
Students payment platform,” said Jason Schaad, Co-Founder of TRUE
North. “The integration will save valuable time for international
agents, parents and students, as well as school boards across
Canada.”
The GlobalPay for Students platform provides transparency with
the ability to track payment status through the online portal,
mobile messages and email. After receipt by Western Union, payments
are usually delivered to the school within 24 hours.
This payment solution will streamline and automate transaction
reconciliation while offering an efficient process for posting of
all payments against the individual student records and accounts.
Western Union Business Solutions also provides the ability to
efficiently refund international student payments directly to the
originating bank account.
TRUE North prides itself as a secure, multi-user, web-based
system to manage the information tracking, reporting and
collaborative needs of international education programs. Built from
the ground up to be a hosted solution, security and protection of
student information is their highest priority.
Western Union Business Solutions is a trusted payment provider
in more than 200 countries and territories, with the GlobalPay for
Students service being offered through more than 700 education
institutions worldwide, including over 90 Canadian institutions. In
addition to online bank transfer and credit card payments, the
platform offers users a wide range of online payment options.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in
cross-border, cross-currency money movement. Our omnichannel
platform connects the digital and physical worlds and makes it
possible for consumers and businesses to send and receive money and
make payments with speed, ease, and reliability. As of June 30,
2019, our network included over 550,000 retail agent locations
offering Western Union, Vigo or Orlandi Valuta branded services in
more than 200 countries and territories, with the capability to
send money to billions of accounts. Additionally, westernunion.com,
our fastest growing channel in 2018, is available in more than 70
countries, plus additional territories, to move money around the
world. With our global reach, Western Union moves money for better,
connecting family, friends and businesses to enable financial
inclusion and support economic growth. For more information, visit
www.westernunion.com.
WU-G
About TRUE North
TRUE North is a secure, multi-user, web-based system to manage
the information tracking, reporting and collaborative needs of
international education student programs across Canada. Built from
the ground up to be a hosted solution, security and protection of
student information is our highest priority. TRUE North mirrors
“best practices” in the online banking industry using state-of
the-art encryption technologies and offsite backups. TRUE North is
fully compliant with the Canadian FOIPPA, ensuring all student data
and backups are stored entirely in Canada. Access your student data
with confidence, on any device, at any time, from anywhere in the
world.
TRUE North is developed by Maxium-Convex Developments, which
operates out of Kelowna, British Columbia. For more information
visit mytruenorth.ca.
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version on businesswire.com: https://www.businesswire.com/news/home/20190905005029/en/
Cristina Hoole Western Union Mobile: +44-(0)7766 070978
Cristina.Hoole@wu.com Blair Hope and Jason Schaad TRUE North Toll
Free: 1-877-308-3245 info@mytruenorth.ca
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