MTFX Launches Paymytuition and Offers a Refreshing Alternative to International Tuition Payments
TORONTO, March 22, 2017 /PRNewswire/ -- MTFX Group of Companies, a leader in corporate foreign exchange and global payments announced the launch of its educational institution payment platform Paymytuition. The Paymytuition payment platform has been running in test phase over the last several months and is now available to educational institutions across North America. "We are delighted to add the educational institution space to the growing list of verticals we already service. We look forward to servicing the educational vertical by doing what we do best which is offering "high-tech, high-touch" solutions at a fraction of the cost of our competitors," said MTFX's Chief Market Strategist Arif Harji.
"We were surprised to see the pain points educational institutions face when processing their international payments. Educational institutions continue to contend with unidentified and missing payments, manual reconciliation processes, and cumbersome time-consuming payment processes for their international students," Harji said of conversations with numerous educational institutions revealing their pain points.
Harji explained that MTFX has developed a customized payment solution truly focused on the education industry that focuses on speed, cost, visibility, integration and compliance. Paymytuition offers students and schools complete visibility of the payment process at significantly better currency exchange rates than banks and competitors.
Next generation technology, a global banking network built over 20+ years, a stellar reputation in the market, a high level of personal service for both students and administrators, and our continued push for progress and innovation should propel MTFX's Paymytuition as a market leader.
MTFX leverages and integrates its global banking networks along with its leading-edge technology to provide unmatched solutions for foreign exchange and global payments in just about every business category.
About MTFX Group of Companies
Since its inception in 1996, MTFX Group of Companies has grown to become a leading provider of global payments and currency risk management solutions. With more than 8,000 clients internationally, MTFX is a market leader in providing hedging and risk management products driven by next generation technology and platforms.
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Who can use the MTFX payment service?
Individuals and businesses who need to send money in foreign currency internationally can use MTFX’s services. The beneficiary of the transfer must have a bank account for the funds to be paid into.
Personal clients usually use our services to transfer money between their own accounts in two different countries.
Business clients usually use our services to transfer funds to suppliers, fund international operations, or repatriate overseas earnings.
Why should I use MTFX and not my own bank?
MTFX offers currency exchange rates that are 2-5% better than those offered by the banks. Personal clients usually save hundreds of dollars per transfer and for larger transfers, the savings can run into the thousands.
We also offer excellent customer service, dedicated currency specialists, and a 24/7 online platform with best-in-class technology that allows you to complete transfers from any device virtually anywhere in the world.
Business customers save with better currency exchange rates and proven solutions geared towards managing and mitigating foreign exchange risk. Our solutions include forward contracts, market orders, rate alert services, and much more - all backed by great technology and great people.
How do customers send funds to MTFX?
Funds can be transferred via wire transfer, Electronic Funds Transfer (EFT), or ACH payment services. MTFX maintains bank accounts in all major currencies with highly-rated banks. Our banking infrastructure ensures that you can transfer funds to us quickly and securely.
How long does it take MTFX to transfer funds?
Our global network of banking partners allows us to get funds to virtually anywhere in the world quickly and efficiently. Most wire transfers from MTFX will be received by your beneficiary within 24-48 hours. MTFX also offers same-day transfers that are almost instantaneous, as well as low-cost in-country payment services for your less urgent transfers. For further information please speak to one of our currency specialists.
Please read the following update before logging in to your MTFX online account
We have updated our online dealing system to provide you with better functionality, more unique tools and an overall enhanced client experience. MTFX Online 2.0 is now available for your dealing needs. You can begin using our enhanced online portal today.
Please note that the traditional portal will be available for use until MAY 30th 2021 at which point it will be decommissioned.