Paying for education in a foreign currency has always been amazingly costly and complex for students, their parents and their educational institutions alike.
Boston, MA (PRWEB) August 12, 2013
peerTransfer, the leading provider of innovative global payment solutions for the education industry, recently announced that Phillip Riese joined the company’s board of directors as an independent member. Phillip Riese is president of RIESE & OTHERS, a family investment vehicle that invests alongside venture capital and private equity firms globally, focusing on disruptive financial services, new domains of marketing excellence and efficiency, and advanced analytics.
Prior to forming the company, Riese spent 18 years at American Express, ultimately as Chairman of American Express Centurion Bank and President of the Consumer Card Group, leading the teams that turned around American Express’ core business. Before his tenure American Express, Mr. Riese was a Division Executive at Chase Manhattan Bank and a partner at M.C. Geffen, a consulting firm in South Africa. Phillip has a Bachelor of Commerce in Textiles from Leeds University in the UK, an MBA from the University of CapeTown in South Africa, and an MS from MIT in the US.
“We are thrilled and honored to have Phillip join peerTransfer’s board,” said Iker Marciade, CEO and Founder of peerTransfer. “Phillip brings a wealth of experience from his previous roles in the financial services industry. This domain expertise, along with his passion for disruptive financial technology companies will greatly benefit peerTransfer as we continue to expand our business.”
peerTransfer, currently partnered with over 370 educational institutions across North America, Europe and Australia, streamlines the international payment process for both the educational institutions and their students and families.
“Paying for education in a foreign currency has always been amazingly costly and complex for students, their parents and their educational institutions alike. peerTransfer has finally solved this problem and the demand for its solutions reflect the strength of the underlying market demand,” said Riese. “I am excited to work with peerTransfer’s passionate leadership team and look forward to helping drive future growth for the company.“
peerTransfer is the leading developer of innovative global payment solutions for the education industry. The company enables thousands of international students and hundreds of schools from all over the world to save time and money when making or receiving international payments. Compared to using traditional banks, students can save on lower fees, enjoy a more convenient online experience, and receive superior customer service when dealing with the complexities of international payments. Schools benefit from peerTransfer's free solution because they remain compliant with ever-changing international regulations and save time and money by improving the processing and posting of international payments. The company is headquartered in Boston, with additional offices in Europe. For more information, visit http://www.peerTransfer.com.