“Alliance is elated to be partnering with such an
important institution as The Mico University College. Our technology will save
the university time and money, while providing the security, safety and
efficiency that a cashless system brings to an educational institution”
Director, Alliance
Payment Services Ltd., Peter Chin, commenting on the deal with the MICO
University College
Miconians, it’s finally happening at the MICO
University College.
Even as hurricane Matthew approaches in the next 24
to 36 hours as noted in the article “UPDATE:
Hurricane Matthew Now Moving Northward Slightly Away From Jamaica”,
published Saturday October 1, 2016, The
Jamaica Gleaner.
My school is finally going cashless as declared in
the article “Mico
Goes Cashless - EPay To Power New System”, published Sunday October 2,
2016, The Jamaica Gleaner.
The 2016/2017 MICO University College Students have been
issued with new ID's that have an ePay option as show with the picture of my ID
below.
I'm currently at the MICO University College in my 5th Semester of the Professional Diploma in Teaching. It's basically a program for professionals that already have a degree or years of experience in Business, Science or the Art who are seeking accreditation to become teachers.
It's based on Alliance Payment Services Ltd ePay
platform as described in my blog article entitled
“Alliance
Financial Services Limited's ePay will beat Scotiabank and NCB's in Mobile
Money Revolution”.
The ePay cashless school programme being implemented
by the MICO University College to more effectively manage and control:
1. Admissions/registrations
2. Payment
3. Meal
management
I'll allow MICO Students to:
1. Campus
access to room that require a swipe
2. Settling
payments e.g. library book, tuition
3. Purchases
both on and off campus e.g. books, fast food outlets, Movie theatre
4. Use
Dorm Facilities e.g. purchase meals at the Cafeteria
So how exactly does it work?
MICO
University College ePay cashless school programme - Mobile money for Miconians
The ePay cashless is basically a swipe
card built into the MICO Student's ID. It has the ePay logo on the front and
uses the Magnetic strip on the back of the card.
MICO University has installed Card reader all over
campus to enable ePay transactions, so Miconians have no excuse to avoid
upgrading their ID’s.
The Cashless School System powered by ePay is the technology solution that allows for efficient management of campus resources and the collection of money from financial transactions while student are on campus. It makes it easier to track payments and receipts and may potentially be used to pay MICO University Staff fees and expenses i.e. petty cash.
This system does away with traditional paper based
accounting systems that generate tons of paper receipts relating to payments.
This makes reconciling payments easier as all payments made to and from the
MICO University Bursar.
The Bursar can be do settlements, reconciliations of
payment as well as quarterly and yearly audits via the centralized ePay
cashless school programme that has online real-time access for reporting
payment activities.
This move is a lot like the GOJ's (Government of Jamaica) move towards Electronic Transactions, be it Debit, Credit or Mobile Money as noted in my blog article entitled my blog article entitled “How Electronic Transactions in Jamaica can eliminate Hidden Economy via Universal Consumption Taxation”.
Electronic Transactions, be it Debit, Credit or
Mobile Money used on freely accessible websites as listed in my Geezam blog article entitled “How Jamaicans on
FLOW and Digicel access GOJ Websites without a Data Plan” potentially
projected to increase tax collection in Jamaica.
This as Electronic transitions eliminates the
possibility of corruption and makes it easier to track payments. In a similar
light, the MICO University College is merely implementing this to fight internal
corruption within the University as it relates to payments from students and
other business entities that carry out transactions with the MICO University
College.
Easier
life for Students – Miconians ambassadors for ePay Mobile money
The ePAY Program will make life easier for students.
Yes, in case you’re wondering, it's a lot like the
NCB Quisk which has already bested the CONEC Mobile Wallet as explained in my blog article
entitled “How
NCB Quisk Compares to CONEC Mobile Wallet as Jamaica goes Cashless”.
It can be topped up both at the MICO as well as at
any location that allows you to use ePay. Best of all, student can lend each
other cash or pay for services via the ePay
App on their Google Android smartphones.
They'll be able to more effectively track their
meals at the Cafeteria, as they'll only be able to make purchases of food using
the ePay Card as no cash will be accepted. Even paying for Library books will
be done via the ePay system, making robberies on campus a thing of the past, as
all money will be in you school ID.
So Miconians, you’ll need to upgrade to the new ePay
enabled ID, with is covered by the very mysterious and ever-growing
miscellaneous fees. You’ll always need to have your MICO ID on you if you want
to purchase items on campus. Not only is it convenient, but it’ll make it
harder for thieves to steal your money.
Best of all for MICO Students, it’ll make it easier
for parents. Patents will be able to send their little Miconian money direct to
their ePay card from their bank accounts via the ePay online platform, even on
the Weekends.
So in a nutshell, the ePay Card School Program is
Mobile money for Miconians. It’ll makes managing payments and doing financial
audits for the MICO University College easier as well as help students manage
the transition to becoming a Miconian.
It may even help in the proliferation of Mobile
Money among Jamaicans and High School Students in the Cross Roads Area and
beyond; Miconians as Ambassadors of ePay.
Now if only we could get Miconians to wear their
ID’s around their neck, then all would be right on the campus!
Here's the link:
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