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NewProducts

Lower costs, remove friction
As companies compete in the increasingly global
marketplace, each region presents different challenges
and complexities. "Local currencies, unpredictable manual
reconciliation and hidden fees affect payers and receivers
alike, because costs and fees are on both sides," Althaus
added. "A lot of factors can slow down receiving funds,
creating a real challenge for these businesses."
Company: Flywire Following are examples the company provided of how
Product: Global B2B receivables Flywire's B2B platform can solve B2B cross-border
challenges:
Website: www.flywire.com
Contact: support@flywire.com • Accelerate cash flow: Flywire's cross-border pro-
cessing services provide banks and processors
with familiar transaction flows in their expected
regional formats, with all necessary identifiers.
Secure, international This makes it easier for both payers and receivers
to reconcile payments, accelerating cash flow by
improving speed and transparency.
B2B receivables • Reduce costs: Improved cross-border payment ef-

ficiencies can eliminate hidden fees and demystify
complicated and unpredictable foreign exchange
oston-based Flywire, a global payment solutions rates that cost companies and individuals millions
company established in 2011, added business- of dollars in unnecessary fees.
to-business (B2B) payments and receivables to
B its suite of technology solutions. Built to lever- • Improve compliance: Flywire operates in multiple
age the company's global processing platform, the service jurisdictions, adhering to country-specific regula-
enables business owners to provide a tailored, localized tions and anti-money-laundering guidelines, re-
payment experience to international clientele, the company ducing complexity, costs and restrictions.
stated.
• Improve reconciliation: Flywire can enhance in-
Flywire reported that it processes billions in cross-border ternational payment reconciliation by connecting
payments in more than 100 local currencies and 220 all entities involved in cross-border transactions.
countries and territories. The company has offices in the This can enhance customer satisfaction while re-
United Kingdom, China, Japan, Singapore, Australia and ducing operational costs caused by short payments,
Spain. Its client services include multilingual support via manual errors and lack of transparency.
phone, email and chat, as well as 24/7 online payment • Provide complete infrastructure: Flywire pro-
tracking.
vides businesses with an out-of-the-box, compli-
"Over the past five years, Flywire has steadily expanded ant, cross-border infrastructure, enabling them to
and leveraged its global payment platform and collection transact in multiple countries and regions without
needing to establish bank accounts, certifications
network, partnering with clients that have a global
collection need and providing payment options convenient and relationships in each country.
to the payer," said Jason Moens, Vice President, Product at Simplify international payments, receivables
Flywire. "We started in the education space, then moved
into healthcare, travel, luxury goods, publishing, business Flywire's B2B platform is designed to help enterprises of
services, professional events, and medical equipment and all sizes expand and scale their businesses by eliminating
services." the time, effort, resources and capital investment typically
associated with global, cross-border payment transactions.
"What's unique about our platform is that it provides By addressing multiple issues and challenges, the platform
payment alternatives, e-wallet and global banking options," can enable businesses to provide highly tailored digital
added Jeff Althaus, General Manager and Executive Vice payment solutions to a variety of business segments.
President at Flywire's B2B division. "Our transactions Merchants can adapt the platform to their unique needs and
flow over bank rails while facilitating local settlement and business models, while managing international receivables
clearing." in a secure, efficient and fully compliant manner.

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