London School of Economics

By Trust Payments Feb 5, 2021
The client: London School of Economics

Time it takes to read: 5 minutes

The client – a prestigious international educational establishment

As a world-leading educational institution, the London School of Economics and Political Science (LSE) attracts large numbers of international students. In fact, up to 70% of its 11,000 students come from abroad, ranking it second among the universities with the highest proportion of international students in the world.

The challenge – keeping pace with digital natives

As digital natives, their students have grown up in a cashless world, expecting the highest standards of user experience when interacting with their university.

Processing tuition fees as well as student accommodation fees for thousands of students from all over the world, the university has a unique set of challenges when it comes to creating a smooth, secure and easy process for its students to pay their fees across multiple payment methods and currency borders.

Our solution – complete service with sector expertise

Our dedicated, UK–based education team brings experience and deep knowledge of the payments landscape in higher education. We know that universities do not want to administer cash and cheques or accept the risks of running multiple payment systems; they want a headache-free, secure process so they can focus on teaching.

LSE uses our payment gateway and acquiring service for a full end-to-end solution. We ensure that the relationship between LSE and its students gets off to a flying start with a streamlined and transparent card payment process covering:

Acceptance of payments
from students
in 20+ currencies

Online card payment
in 8 languages

A choice of
payment types

Settlement to LSE
in 14 currencies

Value delivered – simplicity & customer satisfaction

In August 2019 a single payment platform was introduced, and students began to receive automated invoices to pay online. The new portal and payment options offered by Trust Payments reduce complexity, improve security and has seen an exponential upwards curve in card payments.

LSE is in the position where it now no longer needs to accept payments via bank transfer or cash, and feedback from students about ease of payment has never been better.

Client view: ‘seamless.. fully transparent on costs’

The School is committed to providing an efficient, compliant and cost-effective payment collection and payment processing service, which reflects our commitment to putting applicants, students and customers first.