Administrators most often [require] parents to submit receipts. A more efficient process could be the utilization of an online environment which could allow administrators to tap into the various application programming interfaces (APIs) from online retailers that allow parents to access vendor goods through a third party website. An example of a firm that could be tapped for this type of system is ClassWallet.
AEI Research Paper
Education Savings Accounts: The Great Unbundling of K-12 Education
Virtual Wallet
Prepaid Card with ATM and MCC Code Restrictions
White Label and Black Label Merchants for Prepaid Transactions
Electronic Receipt Capture
Mobile App
Tuition Management
Fraud Dashboard
Online Marketplace of Pre-Approved Vendors & Service Providers
Pre-Approval Capabilities
Service and Product Reviews and Information Sharing
SKU Level Data on Every Transaction
Automated Reconciliation with Annotation of Charges
Automated Reimbursement Management
Actionable Data
Business Intelligence
Configurable at the User Level
Prepaid Card
ATM Restrictions
MCC Code Restrictions
Prepaid Card
Pre-Approval Capabilities