First Data and Flywire Sign Strategic Agreement
First Data, a global leader in commerce-enabling technology, and Flywire, a leading provider of international payment solutions, today announced a new strategic agreement aimed at streamlining cross-border transactions for their respective client bases.
In accordance with agreement, First Data and Flywire will form a reciprocal referral relationship, providing clients with a seamless integration between Flywire’s international payment and receivables platform, and First Data’s vast client network and technology solutions.
“First Data serves millions of businesses and thousands of financial institutions in more than 100 countries around the world,” said Frank Bisignano, Chairman and CEO of First Data. “We are excited to partner with Flywire, an innovative leader in international payment processing, to simplify cross-border payment acceptance for clients in the education and healthcare industries.”
Flywire offer a global transaction processing and receivables solution that makes international payments totally painless, and more transparent.
Today, over 1,300 clients across 18 countires use Flywire to process international payments faster, easier, less expensive and more transparent.
Today, over 1,300 clients in 18 countries use Flywire to process international payments.
The implications regarding the partnership means Flywire will now be able to significantly expand card payment options for their clients to make international payments even more convenient and inexpensive for their customers.
“Our goal is to take the friction out of cross-border transactions, wherever it may exist,” said Mike Massaro, CEO at Flywire. “Partnering with First Data significantly expands the payment options for our clients’ customers and has the potential to make the benefits of our platform available to tens of thousands of additional businesses and institutions around the world.”