Western Union and TouchNet Team Up to Develop Payment Solutions for Universities & International Students

Tuesday, September 13, 2011

The Western Union Company, a leader in global payment services, today announced an agreement with TouchNet, a major commerce solutions provider to higher-education institutions, to develop new payment options for international students.

The agreement will enable international students to pay their tuition in local currencies directly from their bank accounts, and also add the option to pay in cash at participating Western Union(R) Agent locations around the world. Colleges and universities will benefit from fast and reliable delivery of funds, automatic posting of payments directly to student accounts, and streamlined reconciliation. TouchNet currently offers colleges and universities the ability to accept students' tuition payments through its U.Commerce(R) System, a unified commerce management solution for Higher Education.

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