peerTransfer Doubles List of Schools in Just Six Months, Greatly Expands Supported Currencies, and Adds New Partners: Further Strengthening its Position as the Leader of International Payments for the US Market
peerTransfer, the leading provider of innovative global payment solutions for the education industry, experienced tremendous growth in the third quarter of 2012. The company is the first international payment processor to partner with Ellucian and Oracle to allow for direct integration into schools ERP systems. In addition, peerTransfer surpassed the 200-school milestone, accounting for approximately 28 percent of the United States’ higher education market share. Some of the notable schools signed on in the third quarter include Northwestern University, Southern Methodist University, University of Iowa and the University of Texas at Dallas. peerTransfer’s rapid growth also encompassed adding 15 currencies – including the Taiwan dollar, Brazilian Real and Thai baht – equating to a total of 48 supported currencies, representing 73 countries around the world.
“We started using peerTransfer last fall and it has worked out great for us. peerTransfer has turned out to be a much more efficient way for us to receive international payments. As we receive files, we can upload them directly into Ellucian’s Banner system,” commented Charmaine Daniels, director of student accounts at Georgia State University.
In one year, peerTransfer has increased the number of payments processed by 10-fold, the number of currencies supported nearly doubled, and the number of schools it is partnered with has increased from 41 schools to 212. While the company has experienced this remarkable growth, it is important to note that peerTransfer has been able to maintain a 99.8 percent customer service satisfaction rating. This statistic was gathered from customer surveys that were filled out after speaking to a peerTransfer customer support representative.
Speaking of the company’s growth, Iker Marcaide, CEO of peerTransfer, remarked, “There is obviously an unmet need in the industry. We have grown the company exponentially and have been laser-focused on helping international students and their schools make paying for tuition as seamless as possible. I’m excited that within a year’s time we’ve experienced over a 500 percent growth in school deployments.”
“I can easily see how peerTransfer is growing so rapidly, as this was one of the easiest business decisions I have had to make. peerTransfer has lived up to every one of its promises to the College of Wooster, and has made the payment process for our international students so easy,” commented Marlene Kanipe, senior financial analyst at the College of Wooster.
As peerTransfer rapidly expands with new products and currencies, the company will provide even greater service to educational institutions and their international students.
peerTransfer is the leading developer of innovative global payment solutions for the education industry. The company enables thousands of international students and hundreds of schools from all over the world to save time and money when making or receiving international payments. Compared to using traditional banks, students can save on lower fees, enjoy a more convenient online experience, and receive superior customer service when dealing with the complexities of international payments. Schools benefit from peerTransfer’s free solution because they remain compliant with ever-changing international regulations and save time and money by improving the processing and posting of international payments. The company is headquartered in Boston, with additional offices in Europe. For more information, visit www.peerTransfer.com.← Back to Articles