University International Payments

White Paper: Internationalizing the Payment Process

Download Now Free White Paper: University International Payments

Are your foreign currency payables and receivables holding you back?

Educational institutions looking for a competitive edge in the global education market often find their success hindered by inefficient payment processes and out-of-date foreign receivables. Solutions are available to help educational institutions stand out as a global education leader—not just for instruction, but for services as well. Discover how the effective integration of international students and fee payment services can ease administrative pressures and help your institution financially.

Learn more now

  • Streamline your foreign receivables process
  • Offer your international students fast and efficient payment methods
  • Reconcile payments quickly and decrease costs associated with late, misapplied or insufficient student payments
  • Minimize your exposure to currency risk with fast and secure payment solutions

White Paper Excerpt

Universities, colleges and specialty educational institutions all share one problem when it comes to international student recruitment and enrolment: effective integration of international students and fee payment services for these students that ease administrative pressures.

More and more often educational institutions worldwide are focusing student recruitment efforts on international students to attract the best and the brightest from around to world.

International students numbered 1.68 million in 1999 and by 2005 that number increased to over 2.7 million. The number of higher education students expected to be enrolled outside their country of citizenship by 2025 will be 7.2 million.

France, Germany, the United Kingdom and the United States receive more than 50% of all foreign students worldwide and the United States remains the most popular country for foreign study with 22% of international students worldwide choosing to study here.

The increase in foreign students represents a significant challenge and opportunity for educational institutions in the United States. There are delays, discrepancies, and the current time consuming process of invoicing and collecting tuition, accommodation and other fees for international students paying in foreign currency.

These challenges can all be simplified resulting in monetary savings for both the students and the educational institution.

 
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Foreign Exchange Information

    3. ** How much foreign currency does your company exchange annually (in US Dollars)?

Western Union Global Business Payments – Foreign exchange solutions for your business.

Western Union® Global Business Payments provides international payments and risk management solutions to businesses. Contact us today; help protect your profits and prosper in a volatile international market.

Western Union is proud to present our Western Union international payment and risk management services offered by Custom House (USA) Ltd., a Western Union company. Western Union acquired Custom House, a foreign exchange and international payments company, in 2009 and owns and operates Custom House along with its products and services under the Western Union name.