Flywire adds Discover, Diners Club International and network alliance
cards to its global payment network, providing new payment options for
students and schools globally
Simplifies the end-to-end payment experience for schools and
international students
Provides digital payment options in touchless era
Boston MA, May 6, 2021
– Flywire and Discover announced a
new partnership that provides students and schools around the world with
digital options for education payments. For the first time, students and
their families will be able to use their Discover, Diners Club
International and network alliance cards to pay tuition and fees at
thousands of education institutions around the world that offer Flywire for
international education payments.
As the cost of tuition continues to rise, and more education institutions
compete for international students, schools are trying to modernize their
systems and provide a better payment experience. The partnership between
Flywire and Discover solves both sides of the payment equation, providing
students and families the ability to pay in their preferred method, while
driving operational efficiencies for the institutions receiving payments.
Initially, the program will be available to Discover Global Network
Cardholders in seven countries paying in six different currencies: Colombia
(COP), Ecuador (USD), India (INR), Japan (JPY), Korea (KRW), Peru (PEN) and
the United States (USD). These countries represent growing markets for
students studying abroad and Discover Global Network cards are a popular
payment option in each of them.
Flywire is the payment provider of choice for education institutions around
the world. Its solution enables institutions to offer students a
highly-tailored, convenient and secure online payment experience –
customized by school, country, and currency – while also accelerating
payments, easing reconciliation and streamlining operational expenses. The
solution also enables institutions to create custom payment plans to
provide students and families with greater flexibility.
“Discover is a leading digital bank and payments provider, and we’re very
pleased to offer their popular Discover Global Network card brands as a
payment option for the first time,” said Mohit Kansal, vice president of
global payments for Flywire. “For client schools, it solves both sides of
the payment equation—increasing payment options and convenience for their
students and families, while minimizing the cost and complexity of
reconciliation on their end.”
“Being a part of Flywire’s solution complements our goal of ensuring our
cardholders can pay however and wherever they want,” said Ellie Smith,
global head of digital acceptance at Discover. “Flywire’s unique business
model unlocks additional payment options for our cardholders across the
globe.”
About Discover
Discover Financial Services (NYSE: DFS) is a digital banking and payment
services company with one of the most recognized brands in U.S. financial
services. Since its inception in 1986, the company has become one of the
largest card issuers in the United States. The company issues the Discover
card, America's cash rewards pioneer, and offers private student loans,
personal loans, home loans, checking and savings accounts and certificates
of deposit through its banking business. It operates the Discover Global
Network comprised of Discover Network, with millions of merchant and cash
access locations; PULSE, one of the nation's leading ATM/debit networks;
and Diners Club International, a global payments network with acceptance
around the world. For more information, visit
www.discover.com/company
.
About Flywire
Flywire is a global payments enablement and software company. Flywire
combines its proprietary global payments network, next-gen payments
platform and vertical-specific software to deliver the most important and
complex payments for its clients and their customers.
Flywire leverages its vertical-specific software and payments technology to
deeply embed within the existing A/R workflows for its clients across the
education, healthcare and travel vertical markets, as well as in key B2B
industries. Flywire also integrates with leading ERP systems, so
organizations can optimize the payment experience for their customers while
eliminating operational challenges.
Flywire supports 2,250+ clients with diverse payment methods in more than
130 currencies across 240 countries and territories around the world. The
company is headquartered in Boston, MA, USA with global offices. For more
information, visit www.flywire.com.
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Media Contacts:
Flywire Investor Relations
[email protected]