This online payments technology is meant to reduce the banking and the administrative cost associated with collecting fees from overseas students and enables a faster payments process for both the student and university.
Universities will be able to offer their students a range of payment options including when it comes to transfers in the students home currency by bank transfer or bank card using Dynamic Currency Conversion (DCC) capability.
Travelex Global Business Payments is a global foreign exchange company providing the payment and receipt of domestic and international funds for businesses of all sizes.
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