ComBank brings secure IPG convenience to Wisdom Business Academy and Asian International Academy

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, 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 provided through 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’s systems. 

It provides integration options to systems on multiple languages such as PHP, Java and C Sharp and supports device-optimised payment screens which are designed to offer a seamless experience to users of various devices.

Founded in 2002, the Wisdom Business Academy is officially recognised by CIMA as the largest CIMA Business School in Sri Lanka. The achievements of the institution include Global Premium Learning Partner status of Chartered Institute of Management Accountants (CIMA-UK) and ISO 9001:2015 certification. It has also produced over 140 local and global CIMA prize winners and provides educational services to more than 70% of the CIMA students in Sri Lanka. 

Wisdom has partnered with prestigious international universities such as Robert Gordon University, Aberdeen Business School UK and the University of South Australia to provide several undergraduate and postgraduate degrees connected with the CIMA qualification. Wisdom Business Academy is also the exclusive partner for Sri Lanka for Kaplan, UK, where Wisdom students get access to official CIMA learning material.