Two more leading educational institutions in Sri Lanka have appointed the Commercial Bank of Ceylon as their Internet Payment Gateway (IPG) service provider, enabling both foreign and local students to securely pay their fees online via the respective websites of the institutions.
The latest institutions to link with Bank’s IPG service are Wisdom Business Academy, (WBA) the popular CIMA education facility in the country, and Asian International Academy (AIA) Holdings, also known as one of the most innovative educational institutions in Sri Lanka.
The Bank’s IPG service for these two institutions will cover the authorisation of Credit and Debit cards, and processing of direct payments through Visa, Mastercard and UnionPay branded cards.
The online payment processing of the web portals of both academies will be facilitated by Commercial Bank and providedthrough Mastercard Payment Gateway Services (MPGS) which is fully-compliant with Payment Card Industry Data Security Standard (PCI-DSS) requirements.
It is a secure e-commerce solution as merchants are provided with ‘server-hosted pages’ whereby card details are processed on the Payment Server securely and not at the merchant’s end.
Commercial Bank’s IPG solution provides access to a comprehensive set of fraud mitigation tools, supporting both ‘Mastercard Secure Code’ and ‘Verified by Visa’ 3D secure authentication solutions while having the fully automated process to handle ComBank Easy Payment Plans (EPP), enabling card-on-file transactions through tokenisation, keeping the purchasers’ sensitive card details away from the merchant’ssystems.
Founded in 2002, the Wisdom Business Academy is officially recognised by CIMA as thelargest CIMA Business School in Sri Lanka.
The achievements of the institution include Global Premium Learning Partnerstatus of Chartered Institute of Management Accountants (CIMA-UK) and ISO 9001:2015 certification.
AIA started in 2011 andis considered one of the most innovative educational institutions in Sri Lanka. As a contemporary educational institute that believes in innovation while ensuring quality learning -AIA isthe first in the country to offer a state-of-the-art online learning platform.
The Company has also launched an online tuition school, with an extensive panel of teachers to provide teaching for Edexcel, Cambridge examinations in Asia and the Middle East.
The same online platform provides tuition for Sri Lanka Law College examinations as well.
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