TORONTO–(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.
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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Source: The Western Union Company