On March 7, 2019, Blackboard announced the sale of its Blackboard Transact unit to private equity firm, Reverence Capital Partners. The deal with Reverence sees Blackboard spinout and sell the Transact business line including the CASHNet payment solution.

Northwest Missouri State Campus Dining has implemented a new, web-based point-of-sale system on its campus. The new POS system replaces an on-site POS system that backed up using various forms of storage devices.

From coin to paper, paper to card, and now card to mobile, payment processors and consumers alike have seen dramatic changes in the way money is spent. But the trick has been keeping up with customer expectation. A recent Forbes writeup offers some considerations that could help businesses keep pace with their customers without unnecessarily increasing risk.

The latest installment in NACCU’s Talking Campus ID Tech series delves into the key differences between open and closed loop payment systems. In the video, Mercer University’s Ken Boyer explains the characteristics of both open and closed loop systems, and what a campus should typically consider when making decisions regarding its payment environment.

Blackboard’s payments platform, Cashnet, recently won the 2018 Innovation and Excellence Award sponsored by the New England Automated Clearing House (NEACH). The NEACH 2018 Innovation and Excellence Awards showcase outstanding payments products and services to the financial industry and beyond.

Payments via standard debit and credit cards, as well as payments via mobile device have posed a significant foe to the campus cards at the vending machine. In our 2016 coverage of the topic, we examined the role that campus vending plays in the open-loop vs. closed-loop debate.

North Carolina State University is making changes to its campus card, the Wolfpack OneCard, with students, faculty and staff able to get their hands on the new credential this June. Among the changes is the ability for campus card holders to use their ID for debit transactions if they have a PNC Bank account.

Denmark’s Copenhagen Business School will be one of the first institutions in the world to enable students to make purchases in a restaurant and coffee shop using only their finger.