Transact has been busy both domestically and abroad, headlined by an expanded workforce at its Chennai, India location and the recent completion of its annual PCI compliance assessments. The added personnel in Chennai brings the total staff to 70 individuals at the company’s IT product development hub. The annual PCI assessments, meanwhile, include successful completions of the SOC 2 Type 2 examination, PCI DSS assessment, and penetration tests.

Nelnet Campus Commerce has announced a new partnership with GradGuard on a tuition insurance policy designed to benefit both higher education institutions and their students. Tuition reimbursement, particularly related to room and board fees, has become a hotly contested issue in recent months after early campus closures last spring forced students away from universities and out of on-campus housing.

Nelnet Campus Commerce, a provider of secure payment technology for higher education institutions, is expanding international student payment options via a new partnership with MTFX Group’s payment solution, PayMyTuition. The payment platform enables international students to pay their tuition and other fees in their home country’s currency, while universities receive the payment in its local tender.

The University of Pennsylvania is joining peer campuses across the country in issuing prorated refunds to students who paid for room and board plans during the spring semester. With campus closures affecting Penn in the same way institutions all over the country have been, the university has laid out a student refund plan.

One of the immediate challenges that campuses across the country are facing as a result of the spread of the COVID-19 virus is how to move students off campus. This has also led institutions to determine how to issue room and board refunds to residential students who will no longer be utilizing those services. The University of Connecticut is the latest to announce that it will be issuing refunds to its residential students who can no longer call their campus home.

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.

At Raleigh, North Carolina’s Shaw University, a number of students have failed to reconcile their tuition balances, and the campus card has been the bearer of bad news for some. Student IDs are being used as a bottleneck at the dining facility to inform students of outstanding balances.

BadgePass, Inc. has acquired the business and assets of Boomerang Payment Solutions, LLC, as part of a deal that will bring new financial aid disbursement capabilities to the BadgePass portfolio.

Higher One has announced an agreement to sell all assets and certain liabilities of its Disbursements business — including the OneAccount — to one of its bank partners, Customers Bank and parent company, Customers Bancorp, Inc. The gross purchase price is a reported $37 million cash to be paid in three installments beginning with an initial $17 million paid at closing followed by two $10 million installments in 2017 and 2018.

The U.S. Department of Education has published two regulatory packages as a result of the Department’s proposed Cash Management regulation in May. The new regulations are intended to protect students in the college debit and prepaid card marketplace, as well as add a new income-based repayment plan that would enable more borrowers to limit the amount of their payments to 10% of their income.