Hank Payments Corp. announced the signing of a contract for its education product platform (Hank EDU) with a Texas based college. The college will initially launch Hank's proprietary FAST FUNDS product, which allows colleges to seamlessly distribute excess funds collected, through bursaries, student loans, and rebates, back to the students.

Hank's FAST FUNDS product was created to improve the schools' productivity while delivering prompt and secure payment services to its student body. The Company participated in several Texas college conferences and administrative association events in 2023 gaining insight into administrative challenges faced by schools to develop solutions that the Hank EDU platform can provide. The college is targeting to launch in the second quarter of calendar 2024.