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Tuition, Digital Disbursements And The Paper Chase

PYMNTS

The punchline isn’t all that funny, actually, as 21st century college lending remains mired in paper checks and legacy disbursement systems. Other innovative programs are loading tuition refunds directly onto mobile card accounts. At present, 36 universities are participating in one mobile tuition payments program.

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Mobilizing Student Loan Disbursements

PYMNTS

Some lenders are turning to reloadable debit cards and other disbursement tools to both provide more direct loan fund access and retain greater transparency. Others are looking to additional solutions to solve student lending problems. New and innovative disbursement methods are bringing change to the industry, though.

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June’s Top 12 Mobile Pay Moments

PYMNTS

On June 9, JPMorgan Chase recently announced that it secured a multi-year deal with Shell to accept Chase Pay at all of its gas stations. Now, as part of its new deal with Shell, it appears Chase is on its way to securing more support for its mobile wallet service that’s likely to be launched into market soon. ” RIP CurrentC.

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Fintech Fundings: 26 Companies Raised $270 Million Week Ending May 6

Fintech Labs Insights

Prepaid debit card. Accelerator: VC Fintech Accelerator (Little Rock, Arkansas). Tags: SMB, merchants, payments, point-of-sale, mobile, credit/debit card aquiring. HQ: San Francisco, California. Source: Crunchbase , WSJ. Payments technology. Latest round: $24 million. Total raised: $40.5 HQ: Kefar Sava, Israel. Source: Finovate.