SOURCE: peerTransfer Corporation

peerTransfer Corporation

January 17, 2012 12:30 ET

peerTransfer Notes Universities Show Continued Efforts to Cater to Their International Student Population

BOSTON, MA--(Marketwire - Jan 17, 2012) - With international students contributing billions of dollars every year to the US economy, the majority of which pay full tuition, schools are continuing to take competitive measures to attract students from abroad. One such indication is the number of schools adopting international tuition payment methods that saves international students money. peerTransfer, the leading provider of global payment solutions for international students and their schools in the US, announced today that the company partnered with 20 new schools during the fourth quarter of 2011.

Schools such as the University of Massachusetts - Amherst, Penn State University, Wayne State University, Fairleigh Dickinson University and California State University - Chico have joined peerTransfer's now 65 plus partner schools. "At Averett University, our international student population continues to grow. We are always trying to find ways to make the process for our international students easier and more user-friendly. peerTransfer provided exactly what we were looking for. Our international students have found peerTransfer easy to use with superior support services," says Joel Nester, Director of Admissions at Averett University.

Iker Marcaide, founder of peerTransfer, explains, "It is a very exciting time; we have been partnering with an average of 2 - 3 schools per week. The more we talk to schools and understand the pain points inherent in the traditional bank transfer process, the more we are able to adapt our products to fit their needs." He goes on to explain, "Students are grateful to be presented with an alternative that offers reduced fees and added support compared to traditional banks."

peerTransfer's international payment solution has garnered interest beyond North America to support both international schools as well as US schools who have established physical presence abroad. In addition to providing the US market with low-cost international payment solutions, peerTransfer will be in a position to assist international institutions and their students with the same easy to use payment solution that the US Higher Education market has been rapidly adopting. Marcaide explains, "Schools are moving away from the traditional one campus structure and more towards a global campus, whether it be through partnerships with international schools or via satellite campuses. peerTransfer is very much aware of this shift in market dynamics and has had the foresight to develop the payment platform in a way that will be able to support this evolution."

peerTransfer looks forward to assisting students throughout the world with their international bank transfers, all the while helping to make the reconciliation process of those payments more streamlined and efficient for the educational institutions they attend.

About peerTransfer:
peerTransfer is the leader in the development of innovative global payment solutions for the education industry. peerTransfer's solutions have been proven to save schools and their international students a significant amount of time and money when receiving or making international payments. The company offers international students the ability to pay in their home currency and then bundles the payments together to secure wholesale foreign currency exchange rates, which equates to a significant amount of savings for the students. In addition, the free solution helps schools more efficiently manage and reconcile payments via international bank transfers. The company is headquartered in Boston, Mass., with additional offices in Europe.

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