Salem State University, located in the historic city of Salem, Mass., is improving off-campus efficiency and remaining self-operated utilizing the CBORD UGryd payment platform.
The platform includes transaction processing, payment processing, and access to an online reconciliation tool for both the university and the merchants, and an optional help desk service for the merchants.
“We were paying our merchants twice a month with checks we hand delivered to each location,” said Rob Thayer, ClipperCard Program Manager, Salem State University.
Merchants are now paid each business day via automated clearing house payments, directly deposited into their bank accounts. UGryd settles daily with merchants and supplies real-time views of daily settlements, as well as monthly merchant statements.
The PCI-compliant host acts as a backbone of CBORD Off-Campus programs and allows for real-time transaction processing with secure connections between universities and merchants. It eliminates the need for phone lines, modem banks, and excess hardware on campus.