Paymerang announces partnership with NorthStar Currency
Paymerang, LLC, a leading provider of electronic invoice payment solutions, announced today that it has partnered with NorthStar Currency Ltd., a financial technology service provider, specializing in international student payments for the higher education, K-12, and education accommodation sectors. Through the partnership, the two companies will help clients streamline the payments cycle, reduce costs and drive new revenue.
“We are thrilled to partner with NorthStar Currency,” said Nasser Chanda, CEO at Paymerang. “Our education clients will now be able to take advantage of NorthStar’s platform to simplify international student payments. NorthStar currently works with over 700 schools to provide secure, fast and trackable international payments.”
Paymerang provides a simple, secure and profitable way for organizations to pay their vendors electronically. Implementation is quick and easy—taking 20 hours of client time, generating immediate efficiencies and earning clients cash-back rewards of $50K per year on average. All while significantly reducing the risk of check, ACH and card fraud.
“NorthStar’s partnership with Paymerang is a fantastic news for our customers,” said Andrew Sisley, President at NorthStar Currency. “Electronic payments are an important part of the procure-to-pay cycle for our customers, and we’re pleased to provide this capability through our partnership with Paymerang.”
NorthStar Currency offers a simplified payment platform for international payments that benefits the organization and the student. Educational institutions use it to offer students and their families a highly-tailored, international payment experience utilizing local- country bank accounts and credit card acceptance. In addition, school financial and operations teams appreciate benefits of streamlined reconciliation, elimination of service fees and annual rebates. Students benefit from reduced fees and 24/7 customer support.
About Paymerang, LLC
Paymerang provides electronic payment solutions for clients around the country in education, healthcare, media, manufacturing, services and beyond. Paymerang processes over $1.5 billion in payments annually to a network of over 50,000 suppliers from coast to coast, with 75% receiving electronic payments over traditional checks. For more information, please visit https://paymerang.com
About NorthStar Currency
NorthStar Currency is a leading provider of international payment solutions to the education sector. The NorthStar platform enables international student payments via bank transfer, credit card and e-wallet solutions, in over 100 different local currencies. Convenient, fast and secure, NorthStar’s scalable platform provides currency conversion with significant savings when compared to home-market banks and credit card providers. For more information, please visit https://northstarcurrency.com.