US-based payments company Flywire has added new enhancements to its digital payment platform to help streamline tuition payments for education recruitment agents and institutions.
The new enhancements include a customisable dashboard, which agents and education institutions can use to deliver flexible payment options to students.
These enhancements will help manage student information better, optimise agent relationships, track payments real-time and prevent fraud.
For agents that work on behalf of institutions, the platform brings student information in one place for easy access and storage.
Meanwhile, for education institutions, it unifies all relevant agent and student information for streamlined operations.
It enables agents to send payment alerts or reminders to multiple students, provides fair-market foreign exchange rates, and offers a split payment option as well.
On the other hand, the platform empowers education institutions with full receipt of payments, automates reconciliation process, and secures account data.
The solution also helps institutions create and offer custom payment plans to students. It offers tailored online payment experience – customised by the school, country, and currency.
The platform provides students with access to their payment details, including refunds, and allows them to download receipts.
Flywire EVP of education Sharon Butler said: “By enhancing our agent platform, we are helping to not only streamline the international student recruitment process but also optimise the way agents engage with both students and schools worldwide.”
Flywire has already partnered with institutions like ACIC, AUG Study, Global Education Alliance, Global Reach, iae Global, IDP Education and KC Overseas Education.