Plastiq Inc.

Plastiq Inc.

August 20, 2013 09:00 ET

Distracted Parent Syndrome (DPS) Responsible for Increased Anxiety Among Post-Secondary Students

Plastiq Enables Canadians to Conveniently Meet University and College Fee Deadlines Via Credit Card

TORONTO, ONTARIO--(Marketwired - Aug. 20, 2013) - Plastiq Inc., the online payment platform, is pleased to announce a successful treatment for Distracted Parent Syndrome (DPS), which often results in missed tuition and residence payments for Canadian post-secondary students nationwide. As nearly 42.5 per cent of Canadian students will fail to meet tuition deadlines this year*, Plastiq now provides an under the wire option to make these secure payments online with a preferred credit card.

"Distraction is something mankind has been coping with since the beginning of time, but nowhere are the effects of DPS more pronounced today than among the parents of post-secondary students," said Eliot Buchanan, Co-founder and Chief Executive Officer of Plastiq. "With Plastiq, parents no longer need to take time out of their day to make a frantic after-hours trip to the bank, or worse yet, risk that their child will be unable to attend their program due to missed tuition payments. With the fall tuition deadlines approaching, Canadians can now make these transactions through Plastiq using their preferred credit card, providing not only a much more convenient payment option, but also the added bonus of capitalizing on the rewards offered by the card provider."

Educational institutions provide deadline information in correspondence addressed to students, leaving the parents to rely on their children for timely updates. If these symptoms seem all too familiar, DPS may be the culprit:

  • Information often mentioned in passing (as the child is leaving for hockey practice, or exiting the vehicle in the front of the school)
  • Countless piles of receipts with information and key dates scribbled on the back
  • Numerous text messages in the 'draft' folder... with the intent of hitting SEND
  • Fridge family calendar full of activities and appointments
  • Failure to hit SAVE after setting smartphone reminders
  • The new season of Criminal Minds/Grey's Anatomy/NHL

As of right now, students and parents will have the option to make tuition and residence payments through Plastiq to any Canadian post-secondary institution. For a fee of 1.99 per cent per transaction, Plastiq allows transactions from anywhere in the world, 24/7 and from any internet-enabled device using any MasterCard or Visa credit card. Payment through Plastiq can substantially alleviate the effects of DPS and the company is encouraging Canadians to take note of the solutions.

*All stats and figures in this press release are satirical in nature and Distracted Parent Syndrome has not been identified by Health Canada.

About Plastiq Inc.

Plastiq is an online payment provider based in Boston, MA. Founded to provide convenient, flexible, and secure payment options, the company is advancing innovative payment solutions across North America. For more information, please visit www.plastiq.com.

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