Case Study: Erasmus University receives Sallie Mae payments within 24 hours with TransferMate Global Payments

Erasmus University - Customer Case Study

Erasmus University, a Netherlands-based university in Rotterdam with a large international student population, was facing delays in cashing its Sallie Mae cheques. These cheques were taking 4–6 weeks to clear, creating cash flow issues and adding time spent on payment reconciliation and bank charges.

TransferMate Global Payments partnered with Erasmus University to streamline its Sallie Mae payments, enabling the university to receive funds the next day, with the case study noting payment receipt within 24 hours. As a result, TransferMate helped Erasmus University save time, reduce bank charges, and improve cash flow management.

Erasmus University

John D van Barneveld

Director Finance Services