• Hank Payments (TSXV:HANK) reveals operational updates on its relatively new recently launched educational channel product, Hank EDU
  • The company signed Seminole State College of Oklahoma and Lubbock Christian University of Texas for the company’s Fast Funds product for disbursements
  • Roughly US$1 million has been disbursed to more than 1,000 unique students since EDU launched in Q3 2023
  • Shares of Hank Payments are unchanged at C$0.06

Hank Payments (TSXV:HANK) reveals operational updates on its relatively new recently launched educational channel product, Hank EDU.

In a news release, the company stated it signed Seminole State College of Oklahoma and Lubbock Christian University of Texas for the company’s Fast Funds product for disbursements.

Roughly US$1 million has been disbursed to more than 1,000 unique students since EDU launched in Q3 2023.

“As a new entrant to the education market, we continue to earn solid positive feedback on useability and feature sets that eliminate effort and cost in the business office, while adding greater transparency to cash being disbursed or received,” Michael Hilmer, CEO of Hank Payments, said in a statement.

The company also has three more schools undergoing implementation of its platform and are expected to launch in the near term initially for disbursements.

Additionally, Hank Payments has completed a critical SIS (student information system) integration with CAMS college platform that will enable the company to perform payment processing and ledger updates for all schools on the CAMS system and its sister platform, Elements SIS. This integration will provide Hank with access to approximately 200 U.S. schools for tuition processing.

Hank Payments is focused on the banking-as-a-service market. Its Hank platform modernizes budgets and payments for enterprises and consumers and automates tedious functions that result in time and economic savings for platform users.

Shares of Hank Payments Corp. (TSXV:HANK) are unchanged at C$0.06.

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