Flywire and Blackbaud Partner to Streamline Tuition Payment Experience for International K-12 Students in the U.S.
Flywire (NASDAQ: FLYW) has announced a strategic partnership with Blackbaud (NASDAQ: BLKB) to streamline international tuition payments for K-12 schools in the United States. The integration will serve over 1,000 U.S. independent schools, enabling seamless payment processing for international students through Blackbaud's Tuition Management platform. The partnership addresses the challenges of international tuition payments, which can range from $4,200 to over $29,000 annually, by eliminating complexity and high fees associated with traditional international wires and credit cards. The solution offers real-time payment processing, multilingual support, and improved payment visibility for both schools and families.
Flywire (NASDAQ: FLYW) ha annunciato una partnership strategica con Blackbaud (NASDAQ: BLKB) per semplificare i pagamenti delle tasse scolastiche internazionali per le scuole K-12 negli Stati Uniti. L'integrazione servirà oltre 1.000 scuole indipendenti statunitensi, consentendo una gestione dei pagamenti senza attriti per gli studenti internazionali attraverso la piattaforma di gestione delle tasse di Blackbaud. La partnership affronta le sfide dei pagamenti delle tasse scolastiche internazionali, che possono variare da 4.200 a oltre 29.000 dollari all'anno, eliminando la complessità e le elevate commissioni associate ai bonifici internazionali tradizionali e alle carte di credito. La soluzione offre un'elaborazione dei pagamenti in tempo reale, supporto multilingue e una migliore visibilità dei pagamenti sia per le scuole che per le famiglie.
Flywire (NASDAQ: FLYW) ha anunciado una asociación estratégica con Blackbaud (NASDAQ: BLKB) para simplificar los pagos internacionales de matrícula para escuelas K-12 en los Estados Unidos. La integración servirá a más de 1,000 escuelas independientes en EE. UU., permitiendo un procesamiento de pagos sin complicaciones para estudiantes internacionales a través de la plataforma de Gestión de Matrículas de Blackbaud. La asociación aborda los desafíos de los pagos internacionales de matrícula, que pueden oscilar entre $4,200 y más de $29,000 anuales, eliminando la complejidad y las altas tarifas asociadas con las transferencias internacionales y las tarjetas de crédito tradicionales. La solución ofrece procesamiento de pagos en tiempo real, soporte multilingüe y una mejor visibilidad de los pagos tanto para las escuelas como para las familias.
Flywire (NASDAQ: FLYW)는 미국의 K-12 학교를 위한 국제 수업료 지불을 간소화하기 위해 Blackbaud (NASDAQ: BLKB)와 전략적 파트너십을 발표했습니다. 이 통합은 1,000개 이상의 미국 독립 학교에 서비스를 제공하며, Blackbaud의 수업료 관리 플랫폼을 통해 국제 학생에 대한 원활한 지불 처리를 가능하게 합니다. 이 파트너십은 전통적인 국제 송금 및 신용 카드와 관련된 복잡성과 높은 수수료를 없애 국제 수업료 지불의 문제를 해결합니다. 이 솔루션은 실시간 지불 처리, 다국어 지원 및 학교와 가족 간의 지불 가시성 향상을 제공합니다.
Flywire (NASDAQ: FLYW) a annoncé un partenariat stratégique avec Blackbaud (NASDAQ: BLKB) afin de simplifier les paiements internationaux de frais de scolarité pour les écoles K-12 aux États-Unis. L'intégration servira plus de 1 000 écoles indépendantes aux États-Unis, permettant un traitement des paiements sans accroc pour les étudiants internationaux via la plateforme de gestion des frais de scolarité de Blackbaud. Ce partenariat répond aux défis des paiements internationaux de frais de scolarité, qui peuvent aller de 4 200 à plus de 29 000 dollars par an, en éliminant la complexité et les frais élevés associés aux virements bancaires internationaux traditionnels et aux cartes de crédit. La solution offre un traitement des paiements en temps réel, un support multilingue et une meilleure visibilité des paiements tant pour les écoles que pour les familles.
Flywire (NASDAQ: FLYW) hat eine strategische Partnerschaft mit Blackbaud (NASDAQ: BLKB) angekündigt, um internationale Studiengebührenzahlungen für K-12-Schulen in den Vereinigten Staaten zu vereinfachen. Die Integration wird über 1.000 unabhängige Schulen in den USA bedienen und eine nahtlose Zahlungsabwicklung für internationale Studierende über die Studienverwaltungsplattform von Blackbaud ermöglichen. Die Partnerschaft adressiert die Herausforderungen internationaler Studiengebührenzahlungen, die zwischen 4.200 und über 29.000 US-Dollar jährlich liegen können, indem sie die Komplexität und hohen Gebühren, die mit herkömmlichen internationalen Überweisungen und Kreditkarten verbunden sind, beseitigt. Die Lösung bietet Echtzeit-Zahlungsabwicklung, mehrsprachige Unterstützung und verbesserte Zahlungsübersicht für sowohl Schulen als auch Familien.
- Integration with Blackbaud expands Flywire's reach to over 1,000 U.S. independent schools
- Partnership targets high-value transactions ranging from $4,200 to $29,000+ annually per student
- Solution reduces payment processing costs compared to traditional international wires and credit cards
- Real-time payment tracking and reconciliation capabilities enhance operational efficiency
- None.
Insights
This strategic partnership with Blackbaud significantly expands Flywire's reach in the K-12 education payments market, giving them access to over 1,000 U.S. independent schools. The integration addresses a critical pain point in international tuition payments, which can range from
The integration into Blackbaud's widely-used Tuition Management platform creates a competitive moat and should drive recurring revenue growth through transaction fees. By eliminating traditional payment friction points like high wire transfer fees and poor visibility, this solution could help partner schools increase their international enrollment, creating a virtuous cycle of payment volume growth for Flywire.
Flywire’s integrated offering with Blackbaud will provide international students studying at over 1,000 U.S. independent schools with a streamlined payment experience, from enrollment through to tuition
Partnership strengthens Flywire’s commitment to the K-12 education market in the United States
BOSTON, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, has announced a strategic partnership with Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact. Flywire will become a preferred payment method for international students who pay their tuition and other related expenses to Blackbaud’s K-12 school customers in the United States. Incorporating Flywire into Blackbaud’s Tuition Management platform enables a seamless payment experience for students and helps private and independent schools streamline incoming payments, including tuition and enrollment fees, from students worldwide.
To boost international student enrollment, K-12 boarding schools and independent schools are enhancing their recruitment and retention strategies, from adopting digital outreach tools, to increasing support services for students, to diversifying their recruitment efforts. Schools are also looking to enhance their payment processes to reduce any barriers to enrollment. A seamless payments experience that simplifies currency conversion and cross-border transactions is particularly attractive to international families paying high-cost K-12 schools. Furthermore, schools that offer flexible payment plans and secure payment methods can make themselves more accessible to a wider audience, which may increase enrollment rates, particularly among international and non-local students.
A leading software provider for the K-12 market, Blackbaud recognizes the importance of streamlining the payment process for international students and schools. Tuition payments can range from
Schools that use Blackbaud will also benefit from Flywire’s out-of-the-box integration and around-the-clock multilingual support. This turnkey integration ensures tightly linked payment processing within the Blackbaud system. Both front-end and back-end users will benefit from easily accessing up-to-date balance and payment status in real time.
“As a trusted partner to K-12 independent schools, we are always listening to our clients and finding ways to innovate to make their schools run more effectively and efficiently,” said Mark Davis, vice president, education products, Blackbaud. “Our Flywire integration will help simplify international payments from international families, which should improve international student enrollment for our customers.”
“As Flywire continues to serve the K-12 education market, we’re thrilled to partner with Blackbaud who brings meaningful relationships and a large footprint in the K-12 education sector in the U.S,” said Sharon Butler, EVP and GM of Global Education, Flywire. “Through our powerful, seamless integration, we are able to deliver exceptional payment experiences for students and schools alike - and we’re committed to building on this foundation as the partnership continues.”
About Flywire
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen 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 software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
Flywire supports more than 4,000* clients with diverse payment methods in more than 140 currencies across 240 countries and territories around the world. Flywire is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com. Follow Flywire on X (formerly known as Twitter), LinkedIn and Facebook.
*Excludes clients from Flywire’s Invoiced acquisition
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire’s future operating results and financial position, Flywire’s business strategy and plans, market growth, and Flywire’s objectives for future operations. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire's forward-looking statements include, among others, the factors that are described in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Flywire's Annual Report on Form 10-K for the year ended December 31, 2023, and Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, which are on file with the Securities and Exchange Commission (SEC) and available on the SEC's website at https://www.sec.gov/. The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
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FAQ
What is the new partnership between Flywire (FLYW) and Blackbaud announced in November 2024?
How many U.S. schools will benefit from the Flywire (FLYW) and Blackbaud integration?
What is the range of tuition payments that Flywire (FLYW) will process through this partnership?
What features does the Flywire (FLYW) integration with Blackbaud offer to schools?
