As a regulated and licensed money transmitter with FINTRAC, PayMyTuition offers institutions an integrated multi-currency refund management process that facilitates full and partial international refunds with quick turnaround times verses the current industry standard.

PayMyTuition’s refund module integrates the entire international refund payment process into an all-in-one seamless solution through real-time APIs. By the way of AI and machine learning technology, this solution reduces refund processing times, removes manual and multi-journal accounting entries, and allows settlement in minutes so students can get refunds faster, safely, and securely.

PayMyTuition’s refund processes are designed to not just meet, but exceed, FINTRAC’s requirements for compliance, screening, and beneficiary validation. PayMyTuition’s international refund processes contains features and functions like multi-factor and roles-based approval processes, beneficiary