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CBORD, JSA reach agreement regarding use of Web-Deposit feature

Thursday, April 17, 2008

CBORD customers will have an easier path to making online deposits to their existing campus card accounts thanks to the company’s recently-inked agreement with JSA Technologies to utilize its patented Web-deposit system. The patent license agreement does not provide JSA with a license to use, interface with, or otherwise integrate with any CBORD product, the company emphasized.


The license applies to existing and new CBORD Web-deposit customers in all markets for which CBORD currently provides this capability. That includes ManageMyID™, NetCardManager™, WebCard Center™, and UGryd™. All existing customers of any CBORD-provided web-deposit product are covered by this license. Existing customers of a CBORD web-deposit product are properly licensed and need do nothing more.

For new or other implementations of web-deposit capabilities, customers must acquire a CBORD web-deposit product to be properly licensed.

“CBORD is pleased to reach this agreement to provide our customers a clear path to successful deployment of CBORD’s web-deposit modules to enhance their transaction processing applications,” said Randy Eckels, senior vice president, sales and marketing. [end] 

MarketsandMarkets has released a new report predicting that the value of mobile payment transactions in the US will reach $56 billion in 2015.

According to the report, “Mobile Payment - Advanced Technologies (NFC), Strategies And Future Of Remote & Proximity Payment In US,” the market for NFC mobile payment in the US is currently in its infancy, with an adoption rate of only 1.7%.

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The CBORD Group celebrated 35 years of serving higher education institutions with products used in a variety of campus services, including campus ID card privilege control, access control and housing and food services.

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3M and Cogent Inc. announced that they have entered into a agreement for 3M’s acquisition of Cogent Inc. for approximately $943 million, or $10.50 per share.

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Singapore American School, providing American-based curriculum for pre-school through grade 12 to 3,800 expatriate students in Singapore, has selected the CS Gold one-card solution from CBORD to manage card-based purchasing, security operations and more.

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HID Global and UPM Raflatac announced a worldwide technology license agreement that enables UPM Raflatac to incorporate HID Global’s tamper-proof and secure RFID sealing label technology and IP into their contactless product family.

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Florida State College at Jacksonville has partnered with technology and payment services provider Higher One to help electronically distribute Financial Aid and other refund disbursements to students.

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Cardsmith