The CBORD Group, an Ithaca, N.Y. provider of campus card and integrated security solutions, has added two off-campus payment partners, Roger Williams University, Bristol, R.I. and Stonehill College, Easton, Mass. Both schools will utilize CBORD and UGryd, the company’s proprietary central server transaction solution, to improve transaction times and merchant services for their off-campus programs.
“We have been running our own off-campus program for six years with success, but we didn’t have the internal resources to grow the program to reach student and merchant demand,” said Jon Small, director of special events and conferences at Roger Williams. “By implementing CBORD’s central server technology, as well as CBORD’s customer service for our merchant base, in a very short time we’ve seen tremendous growth in the number of participating merchants, as well as in the overall transaction volume.”
Roger Williams previously had three merchants accepting the discretionary fund. CBORD was able to add 17 additional locations. Stonehill also had three merchants but after partnering with CBORD, the number of merchants has increased by 12.
“The flexibility of our platform allows CBORD to create expansion opportunities for schools that may already be seeing significant transactions off campus,” said Shawn McCarthy, managing director, CBORD Off-Campus Commerce Programs. CBORD uses IP technology to process transactions in less than five seconds. The service also includes a real-time online management tool to track each dollar spent, giving merchants oversight on their sales cycles. ACH settlement is made daily.
Both schools use CBORD’s Odyssey PCS campus card solution.