Western Union launched a new program for educational institutions to help process collections from international students. The service, called GEO for Education, will first be utilized by Scotland’s University of Edinburgh to process student payments, a release explains.
GEO for Education offers new security features, an improved reconciliation process for collecting student payments, and lower costs. The latter feature is achieved through a recent Western Union acquisition, the Pay 24-7 online payments system.
In conjunction with the launch of GEO for Education, Western Union announced the creation of the Western Union GEO Fund for British Universities. The GEO Fund is a scholarship program that will provide £1,000 in financial support to an international student at each of Western Union’s university clients.
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