Payment plan management gives students and their families’ greater control over the process.
Titled ‘Payment Plan Management’, the new plan comes with improved collection rates, shorter payment cycles and accelerated cash flows for universities, private schools, and language schools. Fly wire has introduced a new payment plan for the UK schools and universities that will offer students and their families’ custom tuition payment plans to fit their specific needs while streamlining the administrative requirements involved.
Payments can be made from any device with a 24/7 tracking through a customized dashboard, while administrators will be able to manage the whole process through a single system from start to finish. The offering is available to both domestic and international payers and designed to meet GDPR and PCI DSS standards.
Mike Massaro, CEO of Fly wire says, “There is definitely demand from universities because the current options available don’t have the flexibility required”. Additionally, the plan allows schools to quickly identify problem accounts and set up tailored email campaigns to help keep payers on track. “Payment Plan Management gives students and their families’ greater control over the process while giving administrators a single system from which to track and manage payment plan accounts,” added Massaro.