BOSTON, Nov. 21, 2024 (GLOBE NEWSWIRE) – Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments software and enablement company, has announced a strategic partnership with Blackbaud (NASDAQ: BLKB), the leading provider of software to drive social impact. Flywire will become the preferred payment method for international students paying their tuition and other related expenses to Blackbaud K-12 school clients in the United States. The addition of Flywire to Blackbaud's tuition management platform enables a seamless payment experience for students and helps private and independent schools streamline incoming payments, including tuition and registration fees, from students across the globe. world.
To boost international student enrollment, K-12 boarding schools and independent schools are improving their recruitment and retention strategies, from adopting digital outreach tools to increasing student support services and diversifying their recruiting efforts. Schools are also looking to improve their payment processes to reduce barriers to enrollment. A seamless payments experience that simplifies currency conversion and cross-border transactions is particularly attractive to international families paying for high-cost K-12 schools. Additionally, schools that offer flexible payment plans and secure payment methods may become more accessible to a broader audience, which may increase enrollment rates, particularly among international and non-local students.
Blackbaud, a leading software provider for the K-12 market, recognizes the importance of streamlining the payment process for international students and schools. Tuition payments can range from $4,200 to more than $29,000 a year for US high schools, and students and families would traditionally have to rely on international bank transfers and credit cards, which would come with complexity, lack of visibility of payments made and high interest rates. fee. With Flywire integrated into the Blackbaud Tuition Management platform, schools can provide real-time, secure, online payment processing functionality for families, while maintaining the existing trusted reconciliation process that schools use today with Blackbaud.
Schools using Blackbaud will also benefit from immediate Flywire integration and 24-hour multilingual support. This turnkey integration ensures tightly linked payment processing within the Blackbaud system. Both front-end and back-end users will benefit by easily accessing payment and balance status updated in real-time.
“As a trusted partner to K-12 independent schools, we always listen to our customers and find ways to innovate to make their schools run more effectively and efficiently,” said Mark Davis, vice president of educational products at Blackbaud. “Our integration with Flywire will help simplify cross-border payments for international families, which should improve international student enrollment for our customers.”
“As Flywire continues to serve the K-12 education market, we are delighted to partner with Blackbaud, who brings significant relationships and a strong presence in the K-12 education sector in the US,” said Sharon Butler, executive vice president and general manager of Global Education, Flywire. “Through our powerful, seamless integration, we are able to deliver exceptional payment experiences for both students and schools, and we are committed to building on this foundation as the partnership continues.”
About Flywire
Flywire is a global payments software and enablement company. We combine our proprietary global payments network, our next-generation payments platform, and vertical-specific software to deliver the most important and complex payments for our clients and their customers.
Flywire leverages its vertical-specific payments software and technology to deeply integrate into existing accounts receivable workflows for its clients in the education, healthcare and travel verticals, as well as key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize their customers' payment experience while eliminating operational challenges.
Flywire supports over 4,000* customers with various payment methods in over 140 currencies in 240 countries and territories around the world. Flywire is headquartered in Boston, MA, USA with offices around the world. For more information, visit www.flywire.com. Follow Flywire on <a target="_blank" href="https://twitter.com/Flywire” target=”_blank” rel=”noreferrer noopener”>unknown (formerly known as twitter), LinkedIn and <a target="_blank" href="https://www.facebook.com/Flywire/” target=”_blank” rel=”noreferrer noopener”>facebook.
*Excludes customers from invoiced Flywire acquisition
Safe Harbor Statement
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