A new service has been launched that enables students at a college in the US to transact in foreign currencies.
The CASHNet ePayment service allows International students at Houston Community College (HCC) in Texas to make payments in any currency.
The service is the result of a collaboration between Higher One Payments, a technology and financial services company, international payment services provider Travelex Global Business Payments and HCC.
“This new service will help international students before they arrive from their country of origin,” said Nandy Baldonado, director of Student Financial Services at HCC.
“There was a lot of traffic in the business office which will be avoided as students can now pay online,” she added.
The service is a solution to counter the challenges faced by international students in making tuition payments in the US. Under the new system, students will have the option of choosing from more than 20 currencies.