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Essay / Students' perception towards the payment system of...
This section discusses the literature and reading related to the variable of the study. The sources of information used by the researcher were the Internet, books, magazines and newspapers. Students' perception towards the tuition payment system at the University of Mindanao, these readings help the researchers see the impact of the study as seen by the other community at large. Online Tuition PaymentsAccording to Michael D. Baybusky (2013), The easiest way for self-funded students to pay their tuition fees is through the secure online payment system. Alternatively, fees may be paid by electronic bank transfer or check/bank draft and, in payment, a student may not be enrolled until all financial obligations to the College are satisfied and the student who does not has not fulfilled all financial obligations, he or she may be prohibited from obtaining transcripts or registering for the following semester. According to the University of Edinburgh (2013), tuition and related fees must be paid no later than the time of admission to the college or university, the time a school runs courses and each new academic session. Students who are personally responsible for paying a portion of their tuition fees are permitted to make any necessary arrangements within the University's disbursement strategy. Payment of tuition fees should be notified to the concerned authorities of the institution based on the detailed schedule or modalities. There should be a period, especially a measure of duration. It takes several times for cleared fund transactions to be transmitted by the payer after the confirmation is posted. According to the University of Minnesota (2010), there are some advantages to paying for college online.... ... middle of paper ...... in order to establish credit for this plan. According to the University of South Wales (2012), the online payment system is able to see all individual invoices generated by the university's revenue unit and the current outstanding balance. Students will be able to make payments directly to each invoice within the system. When accessing the account, additional processing may be required to reduce the balance. According to the University of the West of Scotland (2013), students have the choice of making a one-off payment or setting up a recurring payment plan. The school will not offer whether the university complies with the Payment Card Industry Data Security Standard (PSI DSS) to ensure information security. The university has added security, cardholders may be required to insert security information that may have been set up with their bank for online payments..