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Tuition Management Systems and peerTransfer Join Forces to Offer a Better International Payment Solution(November 29, 2011)
BOSTON, MA -- (Marketwire) -- 11/29/11 -- Tuition Management Systems, LLC (TMS), a leading provider of education payment services for Higher Education and private K-12 schools, and peerTransfer Corp, the leading provider of global payment solutions for the US educational industry, announce a new partnership to offer TMS customer schools an integrated, secure and affordable tuition payment solution focused on international students.
Through this partnership, TMS, as one of the industry's most innovative tuition payment providers, will offer services through peerTransfer as an integrated solution to its member schools. This partnership will create additional payment flexibility and allow international students and families to securely and easily make tuition and other education related payments, typically in the currency of their home country. The resulting cost savings international students will realize with peerTransfer over traditional banking wire options are significant and correspond precisely with the TMS philosophy of helping families afford education. In addition, TMS member schools will also realize increased workload efficiencies and cost savings with a more streamlined way to reconcile incoming international wires. The international education payment solution provided by peerTransfer will be offered as a turn-key solution to all TMS member schools for the Spring 2012 payment cycle.
"TMS intends to be at the forefront of innovation to better help families afford education," comments Craig Lockwood, Managing Director of TMS. "This partnership will enable us to serve the international student population at our member schools."
"We are very excited to work with TMS to offer an integrated solution for TMS member schools," said Iker Marcaide, Chief Executive Officer of peerTransfer. "The partnership illustrates the benefit many schools are placing on an enhanced international payment process for both the school and the students. We are thrilled to have TMS member schools join the list of leading schools in the US that already use peerTransfer's free service."
TMS is a leading provider of innovative education payment services for Higher Education and private K-12 educational institutions. Founded in 1985, TMS continues to be driven by their original mission of "Helping Families Afford Education® and Helping Schools Prosper." Currently serving over 700 member schools nationwide, TMS provides solutions that reach across the entire breadth of the tuition payment continuum through a customized suite of products that focus on affordability and best-in-class customer service. TMS supports this mission with product offerings that include the industry-unique BorrowSmart® Affordability Counseling, customizable Payment Plans, Payment Gateway solutions, Tuition Billing Production and Presentment Services, Refund and Disbursement Management solutions and more. TMS operates out of corporate headquarters located in Warwick, RI. For more information on TMS, please visit www.afford.com or contact Craig Lockwood, Managing Director, [email protected] or by phone at (401) 921-3885.
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 wires. The company is headquartered in Boston, MA, with additional offices in Europe. For more information about peerTransfer, visit www.peertransfer.com or contact Stephen Williams, Director of Marketing, [email protected] or by phone at (617) 875-7961.
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