PayMyTuition unveils facial recognition tech for international tuition payments

Tuesday 26 May 2020 08:25 CET | News

Global payment processing provider PayMyTuition has added biometric facial recognition tech to boost security of international tuition payments and prevent fraud in the educational sector.

PayMyTuition is part of the MTFX Group of companies and it considers that using biometric verification tech to identify senders and beneficiaries is a secure way to prevent fraud in payment transactions across borders. 

The company’s new technology provides educational institutions with a next-generation solution for their KYC transaction screening.  As such, educational institutions can integrate PayMyTuition’s biometric verification platform with their existing infrastructure to secure end-to-end payment transactions. Due to the company’s real-time API, most student information systems can be seamlessly integrated with the platform.

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Keywords: PayMyTuition, biometrics, facial recognition, security, international tuition payments, payment provider, fraud prevention, identification, fraudulent activities, API, data, personal information, KYC, screening
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime

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