BOSTON, Nov. 21, 2024 (GLOBE NEWSWIRE) — Flywire Company (Flywire) (Nasdaq: FLYW), a world funds enablement and software program firm, has introduced a strategic partnership with Blackbaud (NASDAQ: BLKB), the main supplier of software program for powering social influence. Flywire will grow to be a most well-liked fee technique for worldwide college students who pay their tuition and different associated bills to Blackbaud’s Ok-12 faculty clients in the US. Incorporating Flywire into Blackbaud’s Tuition Administration platform permits a seamless fee expertise for college kids and helps non-public and impartial colleges streamline incoming funds, together with tuition and enrollment charges, from college students worldwide.
To spice up worldwide pupil enrollment, Ok-12 boarding colleges and impartial colleges are enhancing their recruitment and retention methods, from adopting digital outreach instruments, to growing assist providers for college kids, to diversifying their recruitment efforts. Colleges are additionally seeking to improve their fee processes to cut back any boundaries to enrollment. A seamless funds expertise that simplifies forex conversion and cross-border transactions is especially enticing to worldwide households paying high-cost Ok-12 colleges. Moreover, colleges that supply versatile fee plans and safe fee strategies could make themselves extra accessible to a wider viewers, which can improve enrollment charges, significantly amongst worldwide and non-local college students.
A number one software program supplier for the Ok-12 market, Blackbaud acknowledges the significance of streamlining the fee course of for worldwide college students and colleges. Tuition funds can vary from $4,200 to larger than $29,000 yearly for secondary colleges in the US, and college students and households would historically must depend on worldwide wires and bank cards, which might include complexity, lack of visibility into funds made, and excessive charges. With Flywire built-in into the Blackbaud Tuition Administration platform, colleges can present real-time, safe and on-line fee processing performance for households, whereas sustaining the prevailing dependable reconciliation course of colleges use with Blackbaud right this moment.
Colleges that use Blackbaud may also profit from Flywire’s out-of-the-box integration and around-the-clock multilingual assist. This turnkey integration ensures tightly linked fee processing throughout the Blackbaud system. Each front-end and back-end customers will profit from simply accessing up-to-date stability and fee standing in actual time.
“As a trusted associate to Ok-12 impartial colleges, we’re all the time listening to our purchasers and discovering methods to innovate to make their colleges run extra successfully and effectively,” mentioned Mark Davis, vp, schooling merchandise, Blackbaud. “Our Flywire integration will assist simplify worldwide funds from worldwide households, which ought to enhance worldwide pupil enrollment for our clients.”
“As Flywire continues to serve the Ok-12 schooling market, we’re thrilled to associate with Blackbaud who brings significant relationships and a big footprint within the Ok-12 schooling sector within the U.S,” mentioned Sharon Butler, EVP and GM of International Schooling, Flywire. “By our highly effective, seamless integration, we’re capable of ship distinctive fee experiences for college kids and colleges alike – and we’re dedicated to constructing on this basis because the partnership continues.”
About Flywire
Flywire is a world funds enablement and software program firm. We mix our proprietary international funds community, next-gen funds platform and vertical-specific software program to ship crucial and sophisticated funds for our purchasers and their clients.
Flywire leverages its vertical-specific software program and funds know-how to deeply embed throughout the present A/R workflows for its purchasers throughout the schooling, healthcare and journey vertical markets, in addition to in key B2B industries. Flywire additionally integrates with main ERP methods, corresponding to NetSuite, so organizations can optimize the fee expertise for his or her clients whereas eliminating operational challenges.
Flywire helps greater than 4,000* purchasers with numerous fee strategies in additional than 140 currencies throughout 240 international locations and territories all over the world. Flywire is headquartered in Boston, MA, USA with international places of work. For extra data, go to www.flywire.com. Comply with Flywire on X (previously generally known as Twitter), LinkedIn and Fb.
*Excludes purchasers from Flywire’s Invoiced acquisition
Secure Harbor Assertion
This launch accommodates forward-looking statements throughout the that means of the Non-public Securities Litigation Reform Act of 1995, together with, however not restricted to, statements concerning Flywire’s future working outcomes and monetary place, Flywire’s enterprise technique and plans, market development, and Flywire’s targets for future operations. Flywire intends such forward-looking statements to be coated by the secure harbor provisions for forward-looking statements contained in Part 21E of the Securities Alternate Act of 1934 and the Non-public Securities Litigation Reform Act of 1995. In some circumstances, you’ll be able to establish forward-looking statements by phrases corresponding to, however not restricted to, “imagine,” “might,” “will,” “probably,” “estimate,” “proceed,” “anticipate,” “intend,” “may,” “would,” “mission,” “goal,” “plan,” “anticipate,” or the destructive of those phrases, and related expressions supposed to establish forward-looking statements. Such forward-looking statements are primarily based upon present expectations that contain dangers, adjustments in circumstances, assumptions, and uncertainties. Essential components that might trigger precise outcomes to vary materially from these mirrored in Flywire’s forward-looking statements embrace, amongst others, the components which can be described within the “Threat Elements” and “Administration’s Dialogue and Evaluation of Monetary Situation and Outcomes of Operations” sections of Flywire’s Annual Report on Type 10-Ok for the 12 months ended December 31, 2023, and Quarterly Report on Type 10-Q for the quarter ended September 30, 2024, that are on file with the Securities and Alternate Fee (SEC) and out there on the SEC’s web site at https://www.sec.gov/. The data on this launch is supplied solely as of the date of this launch, and Flywire undertakes no obligation to replace any forward-looking statements contained on this launch on account of recent data, future occasions, or in any other case, besides as required by legislation.
eSchool Media employees cowl schooling know-how in all its elements–from laws and litigation, to finest practices, to classes discovered and new merchandise. First revealed in March of 1998 as a month-to-month print and digital newspaper, eSchool Media gives the information and data obligatory to assist Ok-20 decision-makers efficiently use know-how and innovation to remodel colleges and faculties and obtain their instructional targets.
