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Solutions for Universities
Ruesch International is a financial market leader in providing institutions of higher learning with customized payment solutions. By combining an industry leading online system, the ability to initiate payments to 150 countries, international ACH capabilities, accounting system integration and a tiered hierarchical ordering structure, Ruesch International offers unparalleled solutions to universities worldwide.

Manage Your Payment Processing Online, with a Single Point of Entry, Single Point of Control
RueschPORTAL is a web-based system that allows you to send domestic wires, domestic ACH payments, International wires & ACH and international drafts. The ability to place foreign currency forward contracts is also available.

Comprehensive Solutions, Easy Implementation
RueschPORTAL is designed to support those university accounting departments which handle study abroad program funding, international payroll, endowment payments and student reimbursements. Our dedicated university professionals will listen to your specific needs and devise an appropriate solution.

Multiple Campuses? No Problem
For universities with multiple campuses, RueschPORTAL is an ideal fit. It allows for each campus to have limited access to the online ordering system while the head campus serves as an “eye-in-the-sky”. The system also allows users to make payments from multiple bank accounts with the convenience of a single point of entry screen. It also boasts security protocol and a tiered hierarchical ordering structure that meets even the most demanding internal control requirements.

Consolidate All of your Banking into a Single Point of Control
Ruesch International is a non-bank financial institution so you do not keep funds on deposit. You may choose to have as many bank accounts as you wish for automatic debit. These accounts can be domestic USD, international USD or even international foreign currency denominated.

Integrate the Ruesch Solution Directly into your Accounting Software
RueschPORTAL links with a variety major accounting software packages including those most widely used by institutions of higher learning.

 

Q&A

Is Ruesch properly licensed to engage in the money services business?
Ruesch International is registered as a Money Services Business (MSB) with the U.S. Department of the Treasury. It is also registered as an MSB in every jurisdiction in which it operates and such a license is required. We run every client initiated payment through a rigorous compliance regimen that includes scanning against the U.S. Treasury issued OFAC list. The process ensures that payments will not be initiated to restricted entities.

What is an International ACH payment? How is this different to an international wire transfer?
An international ACH payment is an economical alternative to sending traditional wire transfers. Not only is it cheaper to send, but it is also cheaper for the payee to receive. Also referred to as low-value clearing payments, sending international ACH payments allow for more efficient processing, meaning the electronic payment recipient receives full amounts and remittance details every single time. Because of its processing benefits, this payment method is ideal for paying professor salaries abroad.