Today Flywire announces expansion to our partnership with Nelnet, which will provide clients with real-time payment status updates via deeper platform integration.
We originally partnered with Nelnet Business Solutions (NBS), a leading provider of campus commerce services for higher education, in November of 2011 to achieve new efficiencies through the integration of technology and streamlined business operations.
As partners we offer an integrated solution that enables all Nelnet schools to take advantage of our international payment solution with the secure, compliant payment gateway that is the hallmark of Nelnet services.
Now, we are continuing to expand this partnership which will include additional Nelnet business units, FACTS Management Company (K-12 tuition management services), Unilink Data Systems (Tuition management services in Australia), and FirstMark (Education Loan Servicing).
“We are thrilled to have finalized the second phase of our integration with Nelnet”, said Mike Massaro, Chief Executive Officer of Flywire. “Our two solutions bring together best-in-class technology and service that truly streamlines the international payment experience for students and institutions alike.”
Nelnet clients can now deploy our international payment solution in QuikPAY and will soon be able to deploy the solution in Enterprise, Nelnet’s next generation eCommerce payment platform. This collaboration will provide a seamless and secure way for institutions to collect both international and domestic online payments.
“Deepening our integration with Flywire is a great win for Nelnet and the clients we serve,” said Tim Tewes, President of Nelnet. “Flywire truly understands the needs of the international payer as well as what institutions require when reconciling these payments.”
Together we have highlighted the importance that international students have on campus and delivered an international payment experience where both the institution and the payer benefit.
“We are excited to take advantage of this second phase of integration between Flywire and Nelnet,” said Mark Waters, Director of Student Receivables at Massachusetts Institute of Technology (MIT). “This integration allows our payers (students and their families) the ability to initiate a Flywire payment in our QuikPAY, eBilling, and ePayment system and receive real-time status updates, while also providing MIT Student Financial Services with a dynamic integration into our student information system, it is the best of both worlds.”