"It was the best of times, it was the worst of times; it was the age of wisdom, it was the age of foolishness.
Charles Dickens penned the opening lines of "A Tale of Two Cities" to describe French Revolutionary times, but they could easily apply to the modern world of student refunds. Or, more specifically, to two of the primary alternatives to paper checks.
One is simple, secure and smart. The other can be convoluted, controversial and painful for students.