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Customer story: JS Group

JS Group integrates Payit™ into their Aspire platform to support students’ bursary payments.

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Helping students to get their money easier

JS Group have developed one of the leading platforms to support issuance of student bursaries. They have integrated Payit into their Aspire platform to improve the ‘last mile’ of this service – the payment – to support a better student & university experience.

Payit helps universities

Thanks to Payit, end-to-end cost savings are estimated to be 5-15% of current cost, achieved through:

Staffing

Staffing

Staff no longer have to manually collect, verify, update or process student bank account details, freeing up this resource for other workstreams.

Data protection

Data protection

Unlike traditional payment methods, Payit means that there is no requirement to hold, store and destroy student bank details.

Payment instalments

Payment instalments

As payments can be issued each semester rather than one lump sum, Payit can help mitigate the loss of funds that occurs when students leave before the end of their studies.

Payit helps students

Speed

Speed

Funds can be made available in real time, transforming the student experience.

Control

Control

Payit enables students to choose the account they draw the funds into at the point of receipt. This flexibility ensures the student can always access the money, even if they have account restrictions.

Budgeting

Budgeting

Funds can be made available in stages, helping students to budget and maintain financial wellness.

Eligibility criteria and fees apply. You will need to sign up to Payit terms and conditions and hold an account with us. Fees are based on the volume and average value of e-commerce transactions. Speak to a NatWest Relationship Manager (where relevant) for further information, or request a call back.


Outcome

Through the use of the Payit API solution, JS Group has developed Aspire Cash, resulting in a better payment experience, reduced administrative costs and improved understanding of how cash awards are used by students.

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