ClassWallet News

By Kate Fitzgerald August 31, 2020 When the coronavirus pandemic forced teachers and students to move classroom learning online this year, school districts and educators suddenly face a raft of challenges around handling new expenses for tools needed for cyber education. Many schools are still improvising ways to authorize and reimburse teachers for online learning … Continue reading “PaymentsSource: Coronavirus, Data Security Changing How Teachers Handle Classroom Expenses”

The Card Networks and Open Banking; Crypto Platform Joins Mastercard Network and other Digital Transactions News briefs from 7/20/20 Cryptocurrency platform Wirex has become the first such entity to obtain a principal membership in the Mastercard network. The move comes as Mastercard Inc. announced an expansion of its cryptocurrency program, which aims to make it easier for … Continue reading “The Card Networks and Open Banking; Crypto Platform Joins Mastercard Network”

ClassWallet is being used to help provide oversight of how parents spend money in their ESA accounts in real time, and could reduce the administrative burden of auditing ESA expenses. Under the previous system, which used debit cards through Bank of America, there was a higher risk for fraud and misspending whether families meant to … Continue reading “ClassWallet as a Solution to Most, if Not All, Misspending”

Instead of spending their own money and submitting receipts and paperwork in hopes of reimbursement, teachers can just deduct it from their ClassWallet account that’s linked to the school. Since all this is done online, all transactions are fully transparent and easily trackable. ClassWallet is a financial technology company providing a spending management solution for … Continue reading “This App Solves an Expensive Problem for Many Teachers”

When it comes to keeping track of money for classroom expenses, collecting cash for field trips is just the tip of the iceberg. There are several common issues that every teacher faces when it comes to money, or lack of money, in the classroom. And most stem from how it’s managed. ClassWallet is a financial … Continue reading “ClassWallet is Bringing Classroom Money Management to a School Near You”