School transmits refund information to BankMobile Disbursements.
School wires the total disbursement amount to BankMobile Disbursements.
BankMobile Disbursements disburses refunds based on preference selected by the student.
BankMobile Disbursements handles all exceptions and all customer service.
The implementation or “launch”, will require minimal IT involvement—only approximately 20 hours from IT resources for the whole launch. The launch is fast-paced and lasts for just 8-12 weeks. Launch revolves around five major deliverables to test the program and prepare for the initial rollout to the campus community:
There is no hardware or software to install, and we operate with all major student information and transaction systems. Over the years, we have collected scripts written within various ERP systems and will provide references from partner schools to help point you in the right direction.
Do you manage your own program and need to ease the burden? Easily transition your internally managed direct deposit refund program to the BankMobile Refund Management service and alleviate data security and compliance concerns.